Like Causes?

Install the App
TRY NOW

senate Bill S. 1978

SBIC Advisers Relief Act of 2015

Bill Details

Official information provided by the Congressional Research Service. Learn more or make a suggestion.
The Congressional Research Service writes summaries for most legislation. These summaries are listed here. Causes will update some legislation with a revised summary, title or other key elements.

Suggest an update to this bill using our form.

Title

SBIC Advisers Relief Act of 2015

Official Title

A bill to amend the Investment Advisers Act of 1940 to prevent duplicative regulation of advisers of small business investment companies.

Summary

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.

bill Progress


  • Not enacted
    The President has not signed this bill
  • The house has not voted
  • The senate has not voted
      senate Committees
      Committee on Banking, Housing, and Urban Affairs
    IntroducedAugust 5th, 2015

    There are currently no opinions on this bill, be the first to add one!