summary
Introduced
04/13/2023
04/13/2023
In Committee
04/13/2023
04/13/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To amend the Investment Advisers Act of 1940 to increase the exemption from registration threshold for certain investment advisers of private funds to reflect the change in inflation.
AI Summary
This bill, the Small Business Investor Capital Access Act, amends the Investment Advisers Act of 1940 to increase the exemption from registration threshold for certain investment advisers of private funds. Specifically, the bill requires the Securities and Exchange Commission (SEC) to adjust the dollar amount of the exemption threshold to reflect changes in the Consumer Price Index (CPI) since the Private Fund Investment Advisers Registration Act of 2010. The SEC must make this initial adjustment upon enactment of the bill and then make annual adjustments thereafter to account for changes in the CPI. This change is intended to ensure that the exemption threshold keeps pace with inflation and continues to benefit small investment advisers of private funds.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to the House Committee on Financial Services. (on 04/13/2023)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/2578/all-info |
| BillText | https://www.congress.gov/118/bills/hr2578/BILLS-118hr2578ih.pdf |
Loading...