summary
Introduced
03/13/2013
03/13/2013
In Committee
06/19/2013
06/19/2013
Crossed Over
12/09/2013
12/09/2013
Passed
Dead
01/03/2015
01/03/2015
Introduced Session
113th Congress
Bill Summary
Small Business Capital Access and Job Preservation Act - Amends the Investment Advisers Act of 1940 to exempt private equity fund investment advisers from its registration and reporting requirements, provided that each private equity fund has not borrowed and does not have outstanding a principal amount exceeding twice its invested capital commitments. Directs the Securities and Exchange Commission (SEC) to promulgate final rules that: (1) require such investment advisers to maintain records the SEC determines necessary, taking into account fund size, governance, investment strategy, and risk; and (2) define the term "private equity fund" for purposes of this Act.
Committee Categories
Business and Industry, Housing and Urban Affairs
Sponsors (13)
Robert Hurt (R)*,
Spencer Bachus (R),
Jim Cooper (D),
Scott Garrett (R),
Jim Himes (D),
Randy Hultgren (R),
Blaine Luetkemeyer (R),
Jim Matheson (D),
Mike McIntyre (D),
Patrick Murphy (D),
Collin Peterson (D),
David Scott (D),
Steve Stivers (R),
Last Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 12/09/2013)
Official Document
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bill summary
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