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House Bill 2578
118th Congress(2023-2024)
Small Business Investor Capital Access Act
Introduced
Introduced
Introduced in House on Apr 13, 2023
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Text
Introduced in House 
Apr 13, 2023
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Introduced in House(Apr 13, 2023)
Apr 13, 2023
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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H. R. 2578 (Introduced-in-House)


118th CONGRESS
1st Session
H. R. 2578


To amend the Investment Advisers Act of 1940 to increase the exemption from registration threshold for certain investment advisers of private funds to reflect the change in inflation.

IN THE HOUSE OF REPRESENTATIVES

April 13, 2023

Mr. Barr introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To amend the Investment Advisers Act of 1940 to increase the exemption from registration threshold for certain investment advisers of private funds to reflect the change in inflation.

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

SECTION 1. Short title.

This Act may be cited as the “Small Business Investor Capital Access Act”.

SEC. 2. Inflation adjustment for the exemption threshold for certain investment advisers of private funds.

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

“(4) INFLATION ADJUSTMENT.—The Commission shall adjust the dollar amount described under paragraph (1)—

“(A) upon enactment of this paragraph, to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the Department of Labor between the date of enactment of the Private Fund Investment Advisers Registration Act of 2010 and the date of enactment of this paragraph; and

“(B) annually thereafter, to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the Department of Labor.”.