SBIC Advisers Relief Act of 2015

Hozzl · 2023-01-11T13:29:04Z

Explore the details of House Bill 432 SBIC Advisers Relief Act of 2015 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

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.

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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

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 432

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

Banking and financial institutions regulationBusiness investment and capitalFinancial services and investmentsLicensing and registrationsSmall businessState and local government operations

Alternate Title(s) of Bill HR 432

SBIC Advisers Relief Act of 2015To amend the Investment Advisers Act of 1940 to prevent duplicative regulation of advisers of small business investment companies.SBIC Advisers Relief Act of 2015SBIC Advisers Relief Act of 2015SBIC Advisers Relief Act of 2015

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