Small Business Investor Capital Access Act
Small Business Investment: Raising the SEC Registration Limit
Legislative Progress
Key Points
- This bill increases the amount of money small investment firms can manage before they have to register with the government. Currently, firms managing less than $150 million in private funds can skip certain paperwork; this bill would raise that limit to $175 million.
- By raising this limit, smaller firms can avoid the high costs and time-consuming rules required by the government. Supporters believe this will help these firms focus more of their money and energy on investing in small businesses and new startups rather than filling out forms.
- The bill also requires the government to update this $175 million limit every five years to keep up with the rising cost of living. This ensures that as prices go up over time, small investment firms aren't forced into expensive regulations just because the value of money has changed.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Placed on the Union Calendar, Calendar No. 211.
The bill is now on the schedule for the full chamber to consider. It's in line for debate and a vote.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-254.
Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 2.
The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.
Committee Consideration and Mark-up Session Held
Referred to the House Committee on Financial Services.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Small Business Investor Capital Access Act
Data Sources
Sponsor
Cosponsors
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