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SBIC Advisers Relief Act of 2015
1/11/2023, 1:29 PM
Congressional Summary of HR 432
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
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.
Read the Full Bill
Current Status of Bill HR 432
Bill HR 432 is currently in the status of Bill Introduced since January 21, 2015. Bill HR 432 was introduced during Congress 114 and was introduced to the House on January 21, 2015. Bill HR 432's most recent activity was Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of July 15, 2015
Bipartisan Support of Bill HR 432
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
9Democrat Cosponsors
5Republican Cosponsors
4Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 432
Primary Policy Focus
Finance and Financial SectorPotential Impact Areas
- Banking and financial institutions regulation
- Business investment and capital
- Financial services and investments
- Licensing and registrations
- Small business
- State and local government operations
Alternate Title(s) of Bill HR 432
SBIC Advisers Relief Act of 2015
To amend the Investment Advisers Act of 1940 to prevent duplicative regulation of advisers of small business investment companies.
SBIC Advisers Relief Act of 2015
SBIC Advisers Relief Act of 2015
SBIC Advisers Relief Act of 2015
Comments
Sponsors and Cosponsors of HR 432
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