SBIC Advisers Relief Act of 2014
Latest action · Dec 3, 2014 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 11, 2014
- Passed HouseDec 2, 2014
- 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.)
SBIC Advisers Relief Act of 2014 - 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.
Cosponsors 9
Members who signed on, in the order they did. Signatures ran from Mar 27, 2014 to May 21, 2014.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-MN | Erik Paulsen | Mar 27, 2014 | |
| D-NY | Carolyn B. Maloney | Mar 28, 2014 | |
| R-NC | Patrick T. McHenry | Apr 4, 2014 | |
| D-WI | Gwen Moore | May 6, 2014 | |
| D-CT | James A. Himes | May 6, 2014 | |
| D-FL | Patrick Murphy | May 7, 2014 | |
| D-IL | Bill Foster | May 15, 2014 | |
| R-PA | Keith J. Rothfus | May 15, 2014 | |
| D-IL | Bradley Scott Schneider | May 21, 2014 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Mar 11, 2014Markup May 22, 2014Reported Dec 2, 2014 |
| Capital Markets Subcommittee | Hearings Apr 9, 2014 | |
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Dec 3, 2014 |
Actions 13
Everything that happened, newest first.
- Dec 3, 2014Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Dec 2, 2014Reported by the Committee on Financial Services. H. Rept. 113-641.
- Dec 2, 2014Placed on the Union Calendar, Calendar No. 481.
- Dec 2, 2014Mr. Luetkemeyer moved to suspend the rules and pass the bill.
- Dec 2, 2014Considered under suspension of the rules. (consideration: CR H8239-8240)
- Dec 2, 2014DEBATE - The House proceeded with forty minutes of debate on H.R. 4200.
- Dec 2, 2014Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H8239-8240)
- Dec 2, 2014Motion to reconsider laid on the table Agreed to without objection.
- May 22, 2014Committee Consideration and Mark-up Session Held.
- May 22, 2014Ordered to be Reported by the Yeas and Nays: 56 - 0.
- Apr 9, 2014Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
- Mar 11, 2014Introduced in House
- Mar 11, 2014Referred to the House Committee on Financial Services.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Debate and remarks H8239, H8240Text printed H8239 | Blaine Luetkemeyer R-MO, Gwen Moore D-WI | Dec 2, 2014 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Congressional Budget Office cost estimate
- Jul 30, 2014H.R. 4200, SBIC Advisors Relief Act of 2014As ordered reported by the House Committee on Financial Services on May 22, 2014
Constitutional authority
The sponsor’s statement, as printed in the page H2302.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| Serial No. 113-74 | LEGISLATIVE PROPOSALS TO ENHANCE CAPITAL FORMATION FOR SMALL AND EMERGING GROWTH COMPANIES118 pages | Financial Services Committee | Apr 9, 2014 |
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 2765 | SBIC Advisers Relief Act of 2014 | Identical bill | Jul 31, 2014 |
| HR 5405 | Promoting Job Creation and Reducing Small Business Burdens Act | Related bill | Sep 17, 2014 |
Titles 4
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Investment Advisers Act of 1940 to prevent duplicative regulation of advisers of small business investment companies.
- Short Titles as Introduced
- SBIC Advisers Relief Act of 2014
- Short Titles as Reported to House
- SBIC Advisers Relief Act of 2014
- Short Titles as Passed House
- SBIC Advisers Relief Act of 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 3, 2014Referred in Senate
- Dec 2, 2014Reported in House
- Dec 2, 2014Engrossed in House
- Mar 11, 2014Introduced 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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
