Small Business Investor Capital Access Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 3880 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 3880 To amend the Investment Advisers Act of 1940 to address the exemption of, and reporting by, certain private fund advisers, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES February 12, 2026 Mr. Rounds (for himself and Mr. Gallego) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL To amend the Investment Advisers Act of 1940 to address the exemption of, and reporting by, certain private fund advisers, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Small Business Investor Capital Access Act''. SEC. 2. SMALL BUSINESS INVESTOR CAPITAL ACCESS. Section 203(m) of the Investment Advisers Act of 1940 (15 U.S.C. 80b-3(m)) is amended-- (1) in paragraph (1), by st…