[House Prints 113-29]
[From the U.S. Government Publishing Office]


L:\XML\CPRT-113-HPRT-RU00-HR1105.XML 



                                NOVEMBER 22, 2013 

                          RULES COMMITTEE PRINT 113-29 


                     TEXT OF H.R. 1105, SMALL BUSINESS CAPITAL 


                          ACCESS AND JOB PRESERVATION ACT 


         [Showing the text of the bill as reported by the Committee on 
                               Financial Services.] 

1 SECTION 1. SHORT TITLE. 

2       This Act may be cited as the "Small Business Capital 

3 Access and Job Preservation Act". 

4 SEC. 2. REGISTRATION AND REPORTING EXEMPTIONS RE-

5            LATING TO PRIVATE EQUITY FUNDS ADVI-
6            SORS. 
7             Section 203 of the Investment Advisers Act of 1940 

8 (15 U.S.C. 80b-3) is amended by adding at the end the 

9 following: 

10     "(o) EXEMPTION OF AND REPORTING REQUIRE-

11 MENTS BY PRIVATE EQUITY FUNDS ADVISORS.- 

12      "(1) IN GENERAL.-Except as provided in this 

13     subsection, no investment adviser shall be subject to 

14     the registration or reporting requirements of this 

15     title with respect to the provision of investment ad-

16     vice relating to a private equity fund or funds, pro-

17     vided that each such fund has not borrowed and 

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November 22, 2013 (2:57 p.m.) 

[TEXT NOT AVAILABLE]

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