Bill > HR3673

This bill amends the Investment Advisers Act of 1940 to adjust the registration exemption threshold for certain investment advisers who manage private funds. Specifically, the bill increases the exemption threshold from $150 million to $175 million and establishes a mechanism for periodic inflation adjustments. Under the new provision, the Securities and Exchange Commission (SEC) will be required to review and adjust this dollar amount every five years based on changes in the Consumer Price Index for All Urban Consumers, which is a standard measure of inflation published by the Bureau of Labor Statistics. When making these adjustments, the SEC will round the new threshold to the nearest million dollars. This change is intended to ensure that the registration exemption for smaller investment advisers keeps pace with economic changes and inflation, potentially reducing regulatory burden for smaller financial firms while maintaining investor protections.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/3673/all-info