H.R.432 - SBIC Advisers Relief Act of 2015114th Congress (2015-2016)
|Sponsor:||Rep. Luetkemeyer, Blaine [R-MO-3] (Introduced 01/21/2015)|
|Committees:||House - Financial Services | Senate - Banking, Housing, and Urban Affairs|
|Committee Reports:||H. Rept. 114-199|
|Latest Action:||07/15/2015 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Passed House
Summary: H.R.432 — 114th Congress (2015-2016)All Information (Except Text)
Passed House without amendment (07/14/2015)
(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.