Bill > HR432

Introduced Session

SBIC Advisers Relief Act of 2015 (Sec. 2) Amends the Investment Advisers Act of 1940 to exempt specified advisers of small business investment companies (SBICs) from certain: (1) Securities and Exchange Commission (SEC) registration requirements with respect to the provision of investment advice relating to venture capital funds, and (2) SEC registration and reporting requirements with respect to assets under management of private funds. (Sec. 4) Provides the same exemption with respect to any state or local law requiring the registration, licensing, or qualifications of investment advisers.

Committee Categories

Blaine Luetkemeyer (R)*,  Robert Dold (R),  Bill Foster (D),  Frank Guinta (R),  Carolyn Maloney (D),  Gwen Moore (D),  Mick Mulvaney (R),  Patrick Murphy (D),  Keith Rothfus (R),  Kyrsten Sinema (I), 

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 07/15/2015)

Official Document