SBIC Advisers Relief Act of 2015
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Aug 5, 2015)
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.
What just happenedAug 5, 2015
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
- Introduced in SenateAug 5, 2015
- Aug 5, 2015IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Aug 5, 2015IntroReferral10000
Introduced in Senate