H.R.1105 - Small Business Capital Access and Job Preservation Act113th Congress (2013-2014)
|Sponsor:||Rep. Hurt, Robert [R-VA-5] (Introduced 03/13/2013)|
|Committees:||House - Financial Services | Senate - Banking, Housing, and Urban Affairs|
|Committee Reports:||H. Rept. 113-276|
|Latest Action:||12/09/2013 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
|Major Recorded Votes:||12/04/2013 : Passed House|
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Passed House
Summary: H.R.1105 — 113th Congress (2013-2014)All Bill Information (Except Text)
Passed House without amendment (12/04/2013)
(This measure has not been amended since it was introduced. The summary of that version is repeated here.)
Small Business Capital Access and Job Preservation Act - Amends the Investment Advisers Act of 1940 to exempt private equity fund investment advisers from its registration and reporting requirements, provided that each private equity fund has not borrowed and does not have outstanding a principal amount exceeding twice its invested capital commitments.
Directs the Securities and Exchange Commission (SEC) to promulgate final rules that: (1) require such investment advisers to maintain records the SEC determines necessary, taking into account fund size, governance, investment strategy, and risk; and (2) define the term "private equity fund" for purposes of this Act.