118th Congress · HOUSE BILLBILL

H.R. 2578Small Business Investor Capital Access Act

To amend the Investment Advisers Act of 1940 to increase the exemption from registration threshold for certain investment advisers of private funds to reflect the change in inflation.

Finance and financial sector
Introduced Apr 13, 2023
Last action Apr 13, 2023
Pipeline · Bill → Law
Step 1
Introduced
Apr 13, 2023
Step 2
Referred
Apr 13, 2023
Financial Services
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

This bill requires the Securities and Exchange Commission (SEC) to adjust annually for inflation the dollar amount of an exemption from registration requirements for investment advisors of private funds. Currently, investment advisors of private funds of less than $150 million in assets under management are exempt. The bill would require the SEC to adjust that amount annually based on the change in the Consumer Price Index.

Provisions · 2 sectionsIntroduced in House
Timeline · 2 actions
Apr 13, 2023
Introduced in House
Apr 13, 2023
Referred to the House Committee on Financial Services.