This bill updates the rules for investment advisers by raising the limit for exemption from registration and adjusting it for inflation. This change helps smaller advisers operate more easily and encourages investment in private funds.
Small Business Investor Capital Access Act This bill requires the Securities and Exchange Commission (SEC) to adjust annually for inflation the dollar threshold of an exemption from registration requirements for investment advisors of private funds. Currently, investment advisors of private funds of less than $150 million in assets under management are exempt. The bill requires the SEC to adjust that amount annually based on the change in the Consumer Price Index.
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