Small Business Capital Access and Job Preservation Act
Latest action · Dec 9, 2013 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 13, 2013
- Passed HouseDec 4, 2013
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
(This measure has not been amended since it was introduced. The summary of that version is repeated here.)
Small Business Capital Access and Job Preservation Act - Amends the Investment Advisers Act of 1940 to exempt private equity fund investment advisers from its registration and reporting requirements, provided that each private equity fund has not borrowed and does not have outstanding a principal amount exceeding twice its invested capital commitments.
Directs the Securities and Exchange Commission (SEC) to promulgate final rules that: (1) require such investment advisers to maintain records the SEC determines necessary, taking into account fund size, governance, investment strategy, and risk; and (2) define the term "private equity fund" for purposes of this Act.
Recorded votes 3
Newest first. Open one to see how every member voted.
| Roll call | Question | Result | Date |
|---|---|---|---|
| House 622 | On Passage | Passed254–159 | Dec 4, 2013 |
| House 621 | On Motion to Recommit with Instructions | Failed185–227 | Dec 4, 2013 |
| House 620 | On Agreeing to the Amendment | Failed186–225 | Dec 4, 2013 |
Cosponsors 12
Members who signed on, in the order they did. Signatures ran from Mar 13, 2013 to Nov 18, 2013, with 3 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CT | James A. Himes | Original | Mar 13, 2013 |
| D-TN | Jim Cooper | Original | Mar 13, 2013 |
| R-NJ | Scott Garrett | Original | Mar 13, 2013 |
| R-MO | Blaine Luetkemeyer | Jul 31, 2013 | |
| D-MN | Collin C. Peterson | Jul 31, 2013 | |
| D-UT | Jim Matheson | Aug 1, 2013 | |
| R-AL | Spencer Bachus | Aug 1, 2013 | |
| D-FL | Patrick Murphy | Sep 25, 2013 | |
| R-OH | Steve Stivers | Sep 25, 2013 | |
| D-NC | Mike McIntyre | Oct 30, 2013 | |
| R-IL | Randy Hultgren | Nov 13, 2013 | |
| D-GA | David Scott | Nov 18, 2013 |
Actions 21
Everything that happened, newest first.
- Dec 9, 2013Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Dec 4, 2013Considered under the provisions of rule H. Res. 429. (consideration: CR H7470-7491)
- Dec 4, 2013DEBATE - Pursuant to the provisions of H.Res. 429, the House proceeded with 10 minutes of debate on the Carolyn Maloney amendment.
- Dec 4, 2013DEBATE - The House proceeded with one hour of debate on H.R. 1105.
- Dec 4, 2013Floor summary: DEBATE - The House proceeded with 10 minutes of debate on the Horsford motion to recommit with instructions. The instructions contained in the motion seek to report the same back to the House forthwith with an amendment to require that in order for a firm to qualify for exemption from Dodd-Franks registration and reporting requirement, it must provide investment advice for funds that do not own controlling interests in a company that outsources American jobs and publicly report the number of jobs eliminated each quarter at each company owned and controlled by the funds.
Related bills 3
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 4 | Jobs for America Act | Related bill | Nov 13, 2014 |
| HRES 429 | Providing for consideration of the bill (H.R. 3309) to amend title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections, and for other purposes; and providing for consideration of the bill (H.R. 11 | Procedurally related | Dec 4, 2013 |
| HR 4304 | Jumpstarting Opportunities with Bold Solutions Act | Related bill | Jun 13, 2014 |
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 4
Each version as it was printed, newest first.
- Dec 9, 2013Referred in Senate
- Dec 4, 2013Engrossed in House
- Nov 22, 2013Reported in House
- Mar 13, 2013Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.