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US HR1105

US HR1105
Small Business Capital Access and Job Preservation Act


summary

Introduced
03/13/2013
In Committee
06/19/2013
Crossed Over
12/09/2013
Passed
Dead
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)

Last Action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 12/09/2013)

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