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    <number>1978</number>
    <updateDate>2023-01-11T13:29:57Z</updateDate>
    <updateDateIncludingText>2023-01-11T13:29:57Z</updateDateIncludingText>
    <originChamber>Senate</originChamber>
    <type>S</type>
    <introducedDate>2015-08-05</introducedDate>
    <congress>114</congress>
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        <systemCode>ssbk00</systemCode>
        <name>Banking, Housing, and Urban Affairs Committee</name>
        <chamber>Senate</chamber>
        <type>Standing</type>
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            <name>Referred to</name>
            <date>2015-08-05T22:21:51Z</date>
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      <item>
        <title>Promoting Job Creation and Reducing Small Business Burdens Act</title>
        <congress>114</congress>
        <number>37</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2015-01-16</actionDate>
          <text>Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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            <type>Related bill</type>
            <identifiedBy>CRS</identifiedBy>
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      <item>
        <title>SBIC Advisers Relief Act of 2015</title>
        <congress>114</congress>
        <number>432</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2015-07-15</actionDate>
          <text>Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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            <identifiedBy>CRS</identifiedBy>
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        <actionDate>2015-08-05</actionDate>
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            <name>Banking, Housing, and Urban Affairs Committee</name>
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        <sourceSystem>
          <name>Senate</name>
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        <text>Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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        <actionDate>2015-08-05</actionDate>
        <text>Introduced in Senate</text>
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          <name>Library of Congress</name>
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    <sponsors>
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        <bioguideId>K000360</bioguideId>
        <fullName>Sen. Kirk, Mark Steven [R-IL]</fullName>
        <firstName>MARK</firstName>
        <lastName>KIRK</lastName>
        <party>R</party>
        <state>IL</state>
        <middleName>STEVEN</middleName>
        <isByRequest>N</isByRequest>
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    <cosponsors>
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        <bioguideId>D000607</bioguideId>
        <fullName>Sen. Donnelly, Joe [D-IN]</fullName>
        <firstName>Joe</firstName>
        <lastName>Donnelly</lastName>
        <party>D</party>
        <state>IN</state>
        <sponsorshipDate>2015-08-05</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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    </cosponsors>
    <policyArea>
      <name>Finance and Financial Sector</name>
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    <subjects>
      <legislativeSubjects>
        <item>
          <name>Banking and financial institutions regulation</name>
        </item>
        <item>
          <name>Business investment and capital</name>
        </item>
        <item>
          <name>Financial services and investments</name>
        </item>
        <item>
          <name>Licensing and registrations</name>
        </item>
        <item>
          <name>Small business</name>
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        <item>
          <name>State and local government operations</name>
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      <policyArea>
        <name>Finance and Financial Sector</name>
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    <summaries>
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        <actionDate>2015-08-05</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2015-09-24T20:55:15Z</updateDate>
        <text><![CDATA[ <p><b>SBIC Advisers Relief Act of 2015</b></p> <p>Amends the Investment Advisers Act of 1940 to exempt specified advisers of small business investment companies (SBICs) from certain: (1) Securities and Exchange Commission (SEC) registration requirements with respect to the provision of investment advice relating to venture capital funds, and (2) SEC registration and reporting requirements with respect to assets under management of private funds.</p> <p>Provides the same exemption with respect to any state or local law requiring the registration, licensing, or qualifications of investment advisers.</p>]]></text>
      </summary>
    </summaries>
    <title>SBIC Advisers Relief Act of 2015</title>
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        <titleType>Display Title</titleType>
        <title>SBIC Advisers Relief Act of 2015</title>
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        <titleType>Official Title as Introduced</titleType>
        <title>A bill to amend the Investment Advisers Act of 1940 to prevent duplicative regulation of advisers of small business investment companies.</title>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
        <billTextVersionCode>IS</billTextVersionCode>
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      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>SBIC Advisers Relief Act of 2015</title>
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        <type>Introduced in Senate</type>
        <date>2015-08-05T04:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-114s1978is/xml/BILLS-114s1978is.xml</url>
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    <latestAction>
      <actionDate>2015-08-05</actionDate>
      <text>Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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    <dc:language>EN</dc:language>
    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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