H.R. 1082 (112th): Small Business Capital Access and Job Preservation Act

Introduced:
Mar 15, 2011 (112th Congress, 2011–2013)
Sponsor:
Rep. Robert Hurt [R-VA5]
Status:
Died (Reported by Committee)
See Instead:
This bill was re-introduced as H.R. 1105 on Mar 13, 2013. See H.R. 1105 for current action on this subject.

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on June 22, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Mar 15, 2011
Referred to Committee Mar 15, 2011
Reported by Committee Jun 22, 2011
Cosponsors
10 cosponsors (8R, 2D) (show)
Committees

House Financial Services

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend the Investment Advisers Act of 1940 to provide a registration exemption for private equity fund advisers, and for other purposes.

Summary

No summaries available.

Text

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Last updated Mar 15, 2011.
6 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

7/12/2011--Reported to House amended.
Small Business Capital Access and Job Preservation Act - Amends the Investment Advisers Act of 1940 to exempt private equity fund investment advisers from its registration and reporting requirements, provided that each private equity fund has not borrowed and does not have outstanding a principal amount exceeding twice its invested capital commitments.
Directs the Securities and Exchange Commission (SEC) to promulgate final rules that:
(1) require such investment advisers to maintain records the SEC determines necessary, taking into account fund size, governance, investment strategy, and risk; and
(2) define the term "private equity fund" for purposes of this Act.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

The United States Code is the compilation of permanent laws enacted by Congress. Temporary and other non-permanent laws do not appear in the United States Code. (About half of the United States Code is the law itself, called positive law. The other half is merely a compilation of the laws but has no legal significance.)