Introduced:
Jun 3, 2025
Policy Area:
Finance and Financial Sector
Congress.gov:
Bill Statistics
8
Actions
1
Cosponsors
0
Summaries
6
Subjects
2
Text Versions
Yes
Full Text
AI Summary
AI Summary
No AI Summary Available
Click the button above to generate an AI-powered summary of this bill using Claude.
The summary will analyze the bill's key provisions, impact, and implementation details.
Error generating summary
Latest Action
Sep 8, 2025
Placed on the Union Calendar, Calendar No. 211.
Actions (8)
Placed on the Union Calendar, Calendar No. 211.
Type: Calendars
| Source: House floor actions
| Code: H12410
Sep 8, 2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-254.
Type: Committee
| Source: House floor actions
| Code: H12200
Sep 8, 2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-254.
Type: Committee
| Source: Library of Congress
| Code: 5000
Sep 8, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 2.
Type: Committee
| Source: House committee actions
| Code: H19000
Jul 22, 2025
Committee Consideration and Mark-up Session Held
Type: Committee
| Source: House committee actions
| Code: H15001
Jul 22, 2025
Referred to the House Committee on Financial Services.
Type: IntroReferral
| Source: House floor actions
| Code: H11100
Jun 3, 2025
Introduced in House
Type: IntroReferral
| Source: Library of Congress
| Code: Intro-H
Jun 3, 2025
Introduced in House
Type: IntroReferral
| Source: Library of Congress
| Code: 1000
Jun 3, 2025
Subjects (6)
Bank accounts, deposits, capital
Banking and financial institutions regulation
Finance and Financial Sector
(Policy Area)
Financial services and investments
Inflation and prices
Licensing and registrations
Cosponsors (1)
(D-NY)
Jun 3, 2025
Jun 3, 2025
Text Versions (2)
Full Bill Text
Length: 2,782 characters
Version: Reported in House
Version Date: Sep 8, 2025
Last Updated: Nov 15, 2025 6:05 AM
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3673 Reported in House
(RH) ]
<DOC>
Union Calendar No. 211
119th CONGRESS
1st Session
H. R. 3673
[Report No. 119-254]
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
June 3, 2025
Mr. Barr (for himself and Ms. Velazquez) introduced the following bill;
which was referred to the Committee on Financial Services
September 8, 2025
Reported with an amendment, committed to the Committee of the Whole
House on the State of the Union, and ordered to be printed
[Strike out all after the enacting clause and insert the part printed
in italic]
[For text of introduced bill, see copy of bill as introduced on June 3,
2025]
_______________________________________________________________________
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,
[From the U.S. Government Publishing Office]
[H.R. 3673 Reported in House
(RH) ]
<DOC>
Union Calendar No. 211
119th CONGRESS
1st Session
H. R. 3673
[Report No. 119-254]
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
June 3, 2025
Mr. Barr (for himself and Ms. Velazquez) introduced the following bill;
which was referred to the Committee on Financial Services
September 8, 2025
Reported with an amendment, committed to the Committee of the Whole
House on the State of the Union, and ordered to be printed
[Strike out all after the enacting clause and insert the part printed
in italic]
[For text of introduced bill, see copy of bill as introduced on June 3,
2025]
_______________________________________________________________________
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.
This Act may be cited as the ``Small Business Investor Capital
Access Act''.
SEC. 2.
INVESTMENT ADVISERS OF PRIVATE FUNDS.
Section 203
(m) of the Investment Advisers Act of 1940 (15 U.
(m) of the Investment Advisers Act of 1940 (15 U.S.C.
80b-3
(m) ) is amended--
(1) in paragraph
(1) , by striking ``$150,000,000'' and
inserting ``$175,000,000''; and
(2) by adding at the end the following:
``
(5) Inflation adjustment.--The Commission shall, every 5
years, adjust the dollar amount described under paragraph
(1) 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, and round such dollar amount to the
nearest multiple of $1,000,000.''.
Union Calendar No. 211
119th CONGRESS
1st Session
H. R. 3673
[Report No. 119-254]
_______________________________________________________________________
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.
_______________________________________________________________________
September 8, 2025
Reported with an amendment, committed to the Committee of the Whole
House on the State of the Union, and ordered to be printed
80b-3
(m) ) is amended--
(1) in paragraph
(1) , by striking ``$150,000,000'' and
inserting ``$175,000,000''; and
(2) by adding at the end the following:
``
(5) Inflation adjustment.--The Commission shall, every 5
years, adjust the dollar amount described under paragraph
(1) 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, and round such dollar amount to the
nearest multiple of $1,000,000.''.
Union Calendar No. 211
119th CONGRESS
1st Session
H. R. 3673
[Report No. 119-254]
_______________________________________________________________________
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.
_______________________________________________________________________
September 8, 2025
Reported with an amendment, committed to the Committee of the Whole
House on the State of the Union, and ordered to be printed