[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 711 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 711

To amend the Investment Advisers Act of 1940 to remove the registration 
  exception for certain investment advisors with less than 15 clients.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 27, 2009

Mr. Capuano (for himself and Mr. Castle) introduced the following bill; 
       which was referred to the Committee on Financial Services

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                                 A BILL


 
To amend the Investment Advisers Act of 1940 to remove the registration 
  exception for certain investment advisors with less than 15 clients.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Hedge Fund Adviser Registration Act 
of 2009''.

SEC. 2. REMOVAL OF THE PRIVATE ADVISOR EXEMPTION.

    Section 203 of the Investment Advisers Act of 1940 (15 U.S.C. 80b-
3) is amended by striking subsection (b)(3).
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