SBIC Advisers Relief Act of 2015

Fact Sheet API

Bill Number

HR 432

Introduced

Jan 21, 2015

Latest Action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsor

Cosponsors

Topics

Banking and financial institutions regulation Business investment and capital Finance and Financial Sector Financial services and investments Licensing and registrations Small business State and local government operations

Full Text

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Votes

Summary

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

SBIC Advisers Relief Act of 2015

(Sec. 2) 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.

(Sec. 4) Provides the same exemption with respect to any state or local law requiring the registration, licensing, or qualifications of investment advisers.

Actions

Jul 15, 2015

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 14, 2015

Motion to reconsider laid on the table Agreed to without objection.
Jul 14, 2015

On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H5140)
Jul 14, 2015

Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H5140)
Jul 14, 2015

DEBATE - The House proceeded with forty minutes of debate on H.R. 432.
Jul 14, 2015

Considered under suspension of the rules. (consideration: CR H5140-5142)
Jul 14, 2015

Mr. Luetkemeyer moved to suspend the rules and pass the bill.
Jul 14, 2015

Reported by the Committee on Financial Services. H. Rept. 114-199.
Jul 14, 2015

Placed on the Union Calendar, Calendar No. 148.
May 20, 2015

Ordered to be Reported by the Yeas and Nays: 53 - 0.
May 20, 2015

Committee Consideration and Mark-up Session Held.
Apr 29, 2015

Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
Jan 21, 2015

Referred to the House Committee on Financial Services.
Jan 21, 2015

Introduced in House

Amendments

Related Bills