[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2578 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 2578

To 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.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 13, 2023

   Mr. Barr introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To 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.

    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 ``Small Business Investor Capital 
Access Act''.

SEC. 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:
            ``(4) 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.''.
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