3.0.0 1276 2023-01-11T13:18:37Z 2023-01-11T13:18:37Z Senate S S 2009-06-16 111 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2009-06-16T21:53:41Z 2009-06-16 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S6654) IntroReferral 2009-06-16 Sponsor introductory remarks on measure. (CR S6653-6654) IntroReferral B00100 9 Library of Congress 2009-06-16 Introduced in Senate IntroReferral 10000 9 Library of Congress R000122 Sen. Reed, Jack [D-RI] John Reed D RI F. N Finance and Financial Sector Administrative law and regulatory procedures Business records Financial services and investments Securities and Exchange Commission (SEC) Finance and Financial Sector 00 2009-06-16 Introduced in Senate 2009-09-21T19:48:32Z Private Fund Transparency Act of 2009 - Amends the Investment Advisers Act of 1940 to: (1) repeal the exemption from its registration requirements for private investment advisers; and (2) continue to exempt from such requirements only foreign private advisers.

Authorizes the Securities and Exchange Commission (SEC) to require any registered investment adviser to maintain and submit records for federal supervision of systemic risk.

Shields the SEC from any compulsion to disclose any supervisory report or information that is required to be filed with the SEC.

Repeals the general disclaimer that no provision of the Act shall be construed to require, or to authorize the SEC to require any investment adviser engaged in rendering investment supervisory services to disclose the identity, investments, or affairs of any of its clients.

Empowers the SEC to ascribe different meanings to terms (including the term "client") used in different sections of the Act.

]]> Private Fund Transparency Act of 2009 Display Title Private Fund Transparency Act of 2009 Official Title as Introduced A bill to require investment advisers to private funds, including hedge funds, private equity funds, venture capital funds, and others to register with the Securities and Exchange Commission, and for other purposes. Introduced in Senate IS Short Titles as Introduced Private Fund Transparency Act of 2009 Introduced in Senate 2009-06-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s1276is/xml/BILLS-111s1276is.xml 2009-06-16 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S6654) 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.