SBIC Advisers Relief Act of 2015

Bill: 114-hr-432
Sponsor: Rep. Luetkemeyer, Blaine [R-MO-3]
Introduced: 2015-01-21 in the House
Policy area: Finance and Financial Sector
Subjects: Banking and financial institutions regulation
Business investment and capital
Financial services and investments
Licensing and registrations
Small business
State and local government operations

Summary:
action_date: 2015-01-21
text: 

SBIC Advisers Relief Act of 2015

 
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.
 
Provides the same exemption with respect to any state or local law requiring the registration, licensing, or qualifications of investment advisers.

action_date: 2015-07-14
text: 
(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.


Legislative actions:
action_date: 2015-07-15
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2015-07-14
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2015-07-14
text: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H5140)
action_date: 2015-07-14
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H5140)
action_date: 2015-07-14
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 432.
action_date: 2015-07-14
text: Considered under suspension of the rules. (consideration: CR H5140-5142)
action_date: 2015-07-14
text: Mr. Luetkemeyer moved to suspend the rules and pass the bill.
action_date: 2015-07-14
text: Reported by the Committee on Financial Services. H. Rept. 114-199.
action_date: 2015-07-14
text: Placed on the Union Calendar, Calendar No. 148.
action_date: 2015-07-14
text: Reported by the Committee on Financial Services. H. Rept. 114-199.
action_date: 2015-05-20
text: Ordered to be Reported by the Yeas and Nays: 53 - 0.
action_date: 2015-05-20
text: Committee Consideration and Mark-up Session Held.
action_date: 2015-04-29
text: Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
action_date: 2015-01-21
text: Referred to the House Committee on Financial Services.
action_date: 2015-01-21
text: Introduced in House
action_date: 2015-01-21
text: Introduced in House