H.R. 432
Referred to CommitteeSBIC Advisers Relief Act of 2015
Latest Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
7/15/2015 • Senate
Summary
(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.
Passed House without amendment • 7/14/2015
Topics & Subjects
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Sponsor & Cosponsors (10)
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Bill Journey
Originated in the House
Introduced
January 21, 2015
Committee Review
April 29, 2015
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
Floor Debate
July 14, 2015
Passed Chamber
July 14, 2015
Other Chamber
President
Enacted into Law