HR 1082 IHRHCommentsClose CommentsPermalink

Union Calendar No. 91CommentsClose CommentsPermalink

112th CONGRESSCommentsClose CommentsPermalink

1st SessionCommentsClose CommentsPermalink

H. R. 1082CommentsClose CommentsPermalink

[Report No. 112-143]CommentsClose CommentsPermalink

To amend the Investment Advisers Act of 1940 to provide a registration exemption for private equity fund advisers, and for other purposes.CommentsClose CommentsPermalink

IN THE HOUSE OF REPRESENTATIVESCommentsClose CommentsPermalink

March 15, 2011CommentsClose CommentsPermalink

Mr. HURT (for himself and Mr. COOPER) introduced the following bill; which was referred to the Committee on Financial ServicesCommentsClose CommentsPermalink

July 12, 2011CommentsClose CommentsPermalink

Additional sponsors: Mrs. BIGGERT, Mr. STIVERS, Mr. BACHUS, Mr. COFFMAN of Colorado, Mr. LATOURETTE, Mr. GARRETT, Mr. MANZULLO, Mr. NUNNELEE, and Mr. ROSS of ArkansasCommentsClose CommentsPermalink

July 12, 2011CommentsClose CommentsPermalink

Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printedCommentsClose CommentsPermalink

[Strike out all after the enacting clause and insert the part printed in italic]CommentsClose CommentsPermalink

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A BILLCommentsClose CommentsPermalink

To amend the Investment Advisers Act of 1940 to provide a registration exemption for private equity fund advisers, and for other purposes.CommentsClose CommentsPermalink

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, CommentsClose CommentsPermalink

SECTION 1. SHORT TITLE.

This Act may be cited as the ‘Small Business Capital Access and Job Preservation Act’. CommentsClose CommentsPermalink

SEC. 2. REGISTRATION AND REPORTING EXEMPTIONS RELATING TO PRIVATE EQUITY FUNDS ADVISORS.

Section 203 of the Investment Advisers Act of 1940 (15 U.S.C. 80b-3) is amended by adding at the end the following: CommentsClose CommentsPermalink





‘(o) Exemption of and Reporting Requirements by Private Equity Funds Advisors- CommentsClose CommentsPermalink





‘(1) IN GENERAL- Except as provided in this subsection, no investment adviser shall be subject to the registration or reporting requirements of this title with respect to the provision of investment advice relating to a private equity fund or funds, provided that each such fund has not borrowed and does not have outstanding a principal amount in excess of twice its invested capital commitments. CommentsClose CommentsPermalink





‘(2) MAINTENANCE OF RECORDS AND ACCESS BY COMMISSION- Not later than 6 months after the date of enactment of this subsection, the Commission shall issue final rules-- CommentsClose CommentsPermalink





‘(A) to require investment advisers described in paragraph (1) to maintain such records and provide to the Commission such annual or other reports as the Commission taking into account fund size, governance, investment strategy, risk, and other factors, as the Commission determines necessary and appropriate in the public interest and for the protection of investors; and CommentsClose CommentsPermalink





‘(B) to define the term ‘private equity fund’ for purposes of this subsection.’. CommentsClose CommentsPermalink

Union Calendar No. 91CommentsClose CommentsPermalink

112th CONGRESSCommentsClose CommentsPermalink

1st SessionCommentsClose CommentsPermalink

H. R. 1082CommentsClose CommentsPermalink

[Report No. 112-143]CommentsClose CommentsPermalink

A BILLCommentsClose CommentsPermalink

To amend the Investment Advisers Act of 1940 to provide a registration exemption for private equity fund advisers, and for other purposes.CommentsClose CommentsPermalink

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July 12, 2011CommentsClose CommentsPermalink

Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printedCommentsClose CommentsPermalink