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113th Congress > House > Vote 620
Clerk session vote number: 621
Sponsor: HURT, Robert (R-VA)
Description: To amend the Investment Advisers Act of 1940 to provide a registration exemption for private equity fund advisers, and for other purposes
Bill summary: (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.
Bill titles: To amend the Investment Advisers Act of 1940 to provide a registration exemption for private equity fund advisers, and for other purposes.
Links for more info on the vote: congress.gov