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.
About This Bill
Committee
Latest Action · April 13, 2023
Referred to the House Committee on Financial Services.
Small Business Investor Capital Access Act
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.
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