S 1978 · 114th Congress · Finance and Financial Sector

SBIC Advisers Relief Act of 2015

Introduced 2015-08-05· Sponsored by Sen. Kirk, Mark Steven [R-IL]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2015-08-05)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat
Sen. Donnelly, Joe [D-IN]IN