119 HR 3673 IH: Small Business Investor Capital Access Act U.S. House of Representatives 2025-06-03 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I119th CONGRESS1st SessionH. R. 3673IN THE HOUSE OF REPRESENTATIVESJune 3, 2025Mr. Barr (for himself and Ms. Velázquez) introduced the following bill; which was referred to the Committee on Financial ServicesA BILLTo 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.

1.

Short title

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

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: (5)

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..