Small Business Investor Capital Access Act

Bill: 118-hr-2578
Sponsor: full_name: Rep. Barr, Andy [R-KY-6]
Introduced: 2023-04-13
Policy area: Finance and Financial Sector
Latest action: action_date: 2023-04-13
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2023-04-13
action_desc: Introduced in House
text: <p class="MsoNormal" style="line-height: normal;"><b>Small Business Investor Capital Access Act</b></p> <p class="MsoNormal" style="line-height: normal;">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.</p>

tv_txt: I 118th CONGRESS 1st Session H. R. 2578 IN THE HOUSE OF REPRESENTATIVES April 13, 2023 Mr. Barr introduced the following bill; which was referred to the Committee on Financial Services A BILL 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.

1. Short title This Act may be cited as the Small Business Investor Capital Access Act . 2. Inflation adjustment for the exemption threshold for certain investment advisers of private funds Section 203(m) of the Investment Advisers Act of 1940 ( 15 U.S.C. 80b–3(m) ) is amended by adding at the end the following: (4) Inflation adjustment The Commission shall adjust the dollar amount described under paragraph (1)— (A) upon enactment of this paragraph, to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the Department of Labor between the date of enactment of the Private Fund Investment Advisers Registration Act of 2010 and the date of enactment of this paragraph; and (B) annually thereafter, to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the Department of Labor. .