INVESTMENT ADVISERS ACT

Bills and resolutions

Investments: require investment advisers for passively-managed funds to arrange for pass-through voting of proxies for certain securities (see S. 4241), S2586 [18MY] (see H.R. 8521), H7254 [27JY]

——— require investment advisors to consider only monetary factors when making investment decisions (see H.R. 7151), H3852 [18MR]

SEC: provide that broker-dealers who provide research services to investment managers and receive payments from certain accounts are not investment advisers (see S. 3965), S1867 [30MR]

——— revise definition of qualifying investment to include equity security issued by qualifying portfolio company for purposes of exemption from registration for venture capital fund advisers (see S. 3914), S1774 [24MR]

Remarks in House

SEC: revise definition of qualifying investment to include equity security issued by qualifying portfolio company for purposes of exemption from registration for venture capital fund advisers (H.R. 4227), H7152, H7153 [26JY]

Texts of

H.R. 4227, Developing and Empowering our Aspiring Leaders Act, H7152 [26JY]