119 HR 3673 RH: Small Business Investor Capital Access Act U.S. House of Representatives 2025-09-08 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.

IBUnion Calendar No. 211119th CONGRESS1st SessionH. R. 3673[Report No. 119–254]IN THE HOUSE OF REPRESENTATIVESJune 3, 2025Mr. Barr (for himself and Ms. Velázquez) introduced the following bill; which was referred to the Committee on Financial ServicesSeptember 8, 2025Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printedStrike out all after the enacting clause and insert the part printed in italicFor text of introduced bill, see copy of bill as introduced on June 3, 2025A 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—(1)in paragraph (1), by striking $150,000,000 and inserting $175,000,000; and(2)by adding at the end the following:(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..

September 8, 2025Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed