Investment Adviser Regulatory Flexibility Improvement Act

Bill: 115-hr-6321
Sponsor: full_name: Rep. Moore, Gwen [D-WI-4]
Introduced: 2018-07-10
Policy area: Finance and Financial Sector
Subjects: Administrative law and regulatory procedures

Financial services and investments

Securities and Exchange Commission (SEC)

Small business
Latest action: action_date: 2018-08-03
text: Placed on the Union Calendar, Calendar No. 682.

Summaries:
action_date: 2018-07-10
action_desc: Introduced in House
text: <p><b>Investment Adviser Regulatory Flexibility Improvement Act </b></p> <p>This bill directs the Securities and Exchange Commission (SEC) to revise the definitions of "small business" and "small organization" for the purpose of analyzing the impact of regulations promulgated under the Investment Advisers Act of 1940. Specifically, the SEC must provide alternative methods through which a business or organization may qualify under such definitions. </p>

action_date: 2018-08-03
action_desc: Reported to House without amendment
text: <p><b>Investment Adviser Regulatory Flexibility Improvement Act </b></p> <p>This bill directs the Securities and Exchange Commission (SEC) to revise the definitions of "small business" and "small organization" for the purpose of analyzing the impact of regulations promulgated under the Investment Advisers Act of 1940. Specifically, the SEC must provide alternative methods through which a business or organization may qualify under such definitions. </p>

tv_txt: I 115th CONGRESS 2d Session H. R. 6321 IN THE HOUSE OF REPRESENTATIVES July 10, 2018 Ms. Moore (for herself and Mr. Huizenga ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To require the Securities and Exchange Commission to revise the definitions of a small business and small organization for purposes of assessing the impact of the Commission’s rulemakings under the Investment Advisers Act of 1940.

1. Short title This Act may be cited as the Investment Adviser Regulatory Flexibility Improvement Act . 2. Definition of small business of small organization Not later than end the of the 1-year period beginning on the date of the enactment of this Act, the Securities and Exchange Commission shall revise the definitions of a small business and small organization under section 275.0–7 of title 17, Code of Federal Regulations, to provide alternative methods under which a business or organization may qualify as a small business or small organization under such section. In making such revision, the Commission shall consider whether such alternative methods should include a threshold based on the number of non-clerical employees of the business or organization.

tv_txt: IB Union Calendar No. 682 115th CONGRESS 2d Session H. R. 6321 [Report No. 115–884] IN THE HOUSE OF REPRESENTATIVES July 10, 2018 Ms. Moore (for herself and Mr. Huizenga ) introduced the following bill; which was referred to the Committee on Financial Services August 3, 2018 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed A BILL To require the Securities and Exchange Commission to revise the definitions of a small business and small organization for purposes of assessing the impact of the Commission’s rulemakings under the Investment Advisers Act of 1940.

1. Short title This Act may be cited as the Investment Adviser Regulatory Flexibility Improvement Act . 2. Definition of small business of small organization Not later than end the of the 1-year period beginning on the date of the enactment of this Act, the Securities and Exchange Commission shall revise the definitions of a small business and small organization under section 275.0–7 of title 17, Code of Federal Regulations, to provide alternative methods under which a business or organization may qualify as a small business or small organization under such section. In making such revision, the Commission shall consider whether such alternative methods should include a threshold based on the number of non-clerical employees of the business or organization.

August 3, 2018 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed