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SBIC Advisers Relief Act of 2015
A bill to amend the Investment Advisers Act of 1940 to prevent duplicative regulation of advisers of small business investment companies.
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.
- Not enactedThe President has not signed this bill
- The house has not voted
- The senate has not voted
Committee on Banking, Housing, and Urban AffairsIntroducedAugust 5th, 2015
- senate Committees