H.R. 3673 — what changed
Small Business Investor Capital Access Act
From Introduced in House to Reported in House. 1 section amended between Introduced in House and Reported in House.
Sec. 2 Inflation adjustment for the exemption threshold for certain investment advisers of private funds
changed
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:amended—
added
in paragraph (1), by striking “$150,000,000” and inserting “$175,000,000”; and
added
by adding at the end the following:
added “(5) Inflation adjustment—The Commission shall, every 5 years, adjust the dollar amount described under paragraph (1) 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, and round such dollar amount to the nearest multiple of $1,000,000.”
removed
“(5) Inflation adjustment—The Commission shall adjust the dollar amount described under paragraph (1)—
removed
“(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
removed
“(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.”