Small Business Investor Capital Access Act

This bill changes a federal investment law that lets some advisers to private investment funds skip registering with the Securities and Exchange Commission. Right now, advisers who only advise private funds with less than $150 million in assets in the United States can use this exemption. The bill would raise that limit to $175 million. It would also require the Commission to adjust the limit every 5 years for inflation, rounded to the nearest $1 million.

Full text and official record on Congress.gov

Sponsors

• Mike Rounds Republican sponsor
• 1 cosponsors