S. 1978
Referred to CommitteeSBIC Advisers Relief Act of 2015
Latest Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
8/5/2015 • Senate
Summary
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.
Introduced in Senate • 8/5/2015
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Sponsor
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Bill Journey
Originated in the Senate
Introduced
August 5, 2015
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law