CONGRESS FOR VOTERS

Andy Barr (R-KY)

Small Business Investor Capital Access Act

H.R. 3673 · House bill Finance and Financial Sector

A Republican bill with 1 Democratic cosponsor · See the cosponsor

Last activity — Placed on the Union Calendar, Calendar No. 211.

Cleared committee, waiting for its first floor vote

A committee approved it and it is on the calendar of the chamber it started in.

This is further than most bills get, and still no promise of a vote: the calendar is a queue, and the majority leadership decides what is called. A bill can sit here until the Congress ends.

Its path through Congress

  1. Introduced
  2. On Calendar

What this bill would do

This bill, known as the "Small Business Investor Capital Access Act," aims to amend the Investment Advisers Act of 1940. It proposes to increase the registration exemption threshold for certain investment advisers of private funds from $150,000,000 to $175,000,000. Additionally, the bill requires the Commission to adjust this dollar amount every 5 years. This adjustment is intended to reflect changes in the Consumer Price Index for All Urban Consumers.

Yes· 3 of 4

  • Scored +3

    Does this make it easier to run a small business?

    Increasing the registration exemption threshold provides relief and easier capital access for smaller investment advisers.

  • Scored +2

    Would business owners be better off under this?

    Small investment advisers benefit from lower registration burdens.

  • Scored +1

    Would high-income households be better off under this?

    The increased threshold benefits higher-earning private fund managers.

The opposite

  • Scored -1

    Does this give people more protection from unfair business practices?

    Raising the exemption threshold may slightly reduce regulatory oversight for certain private funds.