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Bill114th CongressFiled Jan 21, 2015Finance and Financial Sector
H.R. 432

SBIC Advisers Relief Act of 2015

Bill journey · stage 2 of 5

Under committee review

Filed
Comm.
Floor
Both
Law

What it doesSummary passed house without amendment (Jul 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.

What just happenedJul 15, 2015

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Who’s behind it

Rep. Luetkemeyer, Blaine [R-MO-3](R-MO)Sponsor
9 cosponsors5 D4 R
Read on Congress.gov
9cosponsors2committees16actions2related bills6subjects
  1. Jul 15, 2015IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Banking, Housing, and Urban Affairs Committee
  2. Jul 14, 2015FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Jul 14, 2015FloorH37300

    On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H5140)

  4. Jul 14, 2015Floor8000

    Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H5140)

  5. Jul 14, 2015FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 432.

  6. Jul 14, 2015FloorH30000

    Considered under suspension of the rules. (consideration: CR H5140-5142)

  7. Jul 14, 2015FloorH30300

    Mr. Luetkemeyer moved to suspend the rules and pass the bill.

  8. Jul 14, 2015CommitteeH12200

    Reported by the Committee on Financial Services. H. Rept. 114-199.

    Financial Services Committee
  9. Jul 14, 2015CalendarsH12410

    Placed on the Union Calendar, Calendar No. 148.

  10. Jul 14, 2015Committee5000

    Reported by the Committee on Financial Services. H. Rept. 114-199.

    Financial Services Committee
  11. May 20, 2015Committee

    Ordered to be Reported by the Yeas and Nays: 53 - 0.

    Financial Services Committee
  12. May 20, 2015Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  13. Apr 29, 2015Committee

    Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.

    Capital Markets Subcommittee
  14. Jan 21, 2015IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  15. Jan 21, 2015IntroReferralIntro-H

    Introduced in House

  16. Jan 21, 2015IntroReferral1000

    Introduced in House

Passed House without amendmentJul 14, 201581

(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.

Introduced in HouseJan 21, 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.

SBIC Advisers Relief Act of 2015 — Informed