US Congress Senate Bill 1978 (Prior Session Legislation)

---

Sponsorship: Bipartisan Bill
Status: Introduced on August 5 2015 - 25% progression, died in committee
Action: 2015-08-05 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]

SBIC Advisers Relief Act of 2015 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.

SBIC Advisers Relief Act of 2015

Sen. Mark Kirk [R-IL]

Sen. Joe Donnelly [D-IN]

Date	Chamber	Action
2015-08-05	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HB37 (Related) 2015-01-16 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
HB432 (Same As) 2015-07-15 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/1978/all-info
Text	https://www.congress.gov/114/bills/s1978/BILLS-114s1978is.pdf