Section 1 Short title
This Act may be cited as the “Small Business Investor Capital Access Act”.
Small Business Investor Capital Access Act
A BILL
To amend the Investment Advisers Act of 1940 to address the exemption of, and reporting by, certain private fund advisers, and for other purposes.
Sec. 2 Small business investor capital access
Section 203(m) of the Investment Advisers Act of 1940 (15 U.S.C. 80b–3(m)) is amended—
in paragraph (1), by striking “$150,000,000” and inserting “$175,000,000”; and
by adding at the end the following:
“(5) Inflation adjustment—The Commission shall, every 5 years, adjust the dollar amount 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, setting the threshold to the nearest multiple of $1,000,000.”