H.R.1082 - Small Business Capital Access and Job Preservation Act

To amend the Investment Advisers Act of 1940 to provide a registration exemption for private equity fund advisers, and for other purposes. view all titles (3)

All Bill Titles

  • Official: To amend the Investment Advisers Act of 1940 to provide a registration exemption for private equity fund advisers, and for other purposes. as introduced.
  • Short: Small Business Capital Access and Job Preservation Act as introduced.
  • Short: Small Business Capital Access and Job Preservation Act as reported to house.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
03/15/11
 
 
 
 
 
 
 

Official Summary

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 pri

Official Summary

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.

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Organizations Supporting H.R.1082

  • Atlas Holdings LLC
  • Olympus Partners
  • Private Equity Growth Capital Council
  • Association for Corporate Growth
  • U. S. Chamber of Commerce

Organizations Opposing H.R.1082

  • Americans for Financial Reform
  • AFL-CIO
  • Consumer Federation of America
  • Council of Institutional Investors
  • North American Securities Administrators Association




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