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Bill113th CongressFiled Mar 13, 2013Finance and Financial Sector
H.R. 1105

Small Business Capital Access and Job Preservation Act

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary passed house without amendment (Dec 4, 2013)

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

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.

What just happenedDec 9, 2013

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Who’s behind it

Rep. Hurt, Robert [R-VA-5](R-VA)Sponsor
12 cosponsors7 D5 R
Read on Congress.gov
12cosponsors2committees23actions2amendments3related bills6subjects
  1. Dec 9, 2013IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Banking, Housing, and Urban Affairs Committee
  2. Dec 4, 2013FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Dec 4, 2013FloorH37100

    On passage Passed by recorded vote: 254 - 159 (Roll no. 622). (text: CR H7470)

  4. Dec 4, 2013Floor8000

    Passed/agreed to in House: On passage Passed by recorded vote: 254 - 159 (Roll no. 622).(text: CR H7470)

  5. Dec 4, 2013FloorH36110

    On motion to recommit with instructions Failed by recorded vote: 185 - 227 (Roll no. 621). (consideration: CR H7490)

    Financial Services Committee
  6. Dec 4, 2013FloorH8A000

    The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H7489)

  7. Dec 4, 2013FloorH8D000

    Floor summary: DEBATE - The House proceeded with 10 minutes of debate on the Horsford motion to recommit with instructions. The instructions contained in the motion seek to report the same back to the House forthwith with an amendment to require that in order for a firm to qualify for exemption from Dodd-Franks registration and reporting requirement, it must provide investment advice for funds that do not own controlling interests in a company that outsources American jobs and publicly report the number of jobs eliminated each quarter at each company owned and controlled by the funds.

  8. Dec 4, 2013FloorH36100

    Mr. Horsford moved to recommit with instructions to Financial Services. (consideration: CR H7488; text: CR H7488)

    Financial Services Committee
  9. Dec 4, 2013FloorH8D000

    DEBATE - Pursuant to the provisions of H.Res. 429, the House proceeded with 10 minutes of debate on the Carolyn Maloney amendment.

  10. Dec 4, 2013FloorH8D000

    DEBATE - The House proceeded with one hour of debate on H.R. 1105.

  11. Dec 4, 2013FloorH8D000

    For H.R. 3309, resolution provides one hour of general debate; bill is considered read; specified amendments are in order; and one motion to recommit, with or without instructions. For H.R. 1105, resolution provides that an amendment in the nature of a substitute consisting of the text of Rules Committee print 113-29 shall be considered as adopted; one hour of debate; makes in order an additional specified amendment; and one motion to recommit, with or without instructions.

  12. Dec 4, 2013FloorH30000

    Considered under the provisions of rule H. Res. 429. (consideration: CR H7470-7491)

  13. Dec 4, 2013FloorH1L220

    Rule H. Res. 429 passed House.

  14. Dec 3, 2013FloorH1L210

    Rules Committee Resolution H. Res. 429 Reported to House. For H.R. 3309, resolution provides one hour of general debate; bill is considered read; specified amendments are in order; and one motion to recommit, with or without instructions. For H.R. 1109, resolution provides that an amendment in the nature of a substitute consisting of the text of Rules Committee print 113-29 shall be considered as adopted; one hour of debate; makes in order an additional specified amendment; and one motion to recommit, with or without instructions.

  15. Nov 22, 2013CalendarsH12410

    Placed on the Union Calendar, Calendar No. 197.

  16. Nov 22, 2013CommitteeH12200

    Reported by the Committee on Financial Services. H. Rept. 113-276.

    Financial Services Committee
  17. Nov 22, 2013Committee5000

    Reported by the Committee on Financial Services. H. Rept. 113-276.

    Financial Services Committee
  18. Jun 19, 2013Committee

    Ordered to be Reported by the Yeas and Nays: 38 - 18.

    Financial Services Committee
  19. Jun 19, 2013Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  20. May 23, 2013Committee

    Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.

    Capital Markets Subcommittee
  21. Mar 13, 2013IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  22. Mar 13, 2013IntroReferralIntro-H

    Introduced in House

  23. Mar 13, 2013IntroReferral1000

    Introduced in House

Passed House without amendmentDec 4, 201381

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

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.

Reported to House without amendmentNov 22, 201379

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

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.

Introduced in HouseMar 13, 2013

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.