H.R. 3673 · On the floor · Finance and Financial Sector

Small Business Investor Capital Access Act

Sponsor: Andy Barr (R-KY)

What it does

• Requires the Securities and Exchange Commission to adjust annually the $150 million asset threshold for exemption from investment advisor registration requirements for private fund managers, based on the change in the Consumer Price Index.

Official summary

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.

Latest action

Sep 8, 2025: Placed on the Union Calendar, Calendar No. 211.

Committee: House Financial Services