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118-hr-9148Committee
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Tailoring for Main Street’s Investors Act

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Summary

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This bill amends the Investment Advisers Act of 1940 to exempt certain small private fund advisers from federal registration requirements. Advisers managing less than $5 billion in assets and serving only qualified purchasers, accredited investors, or licensed investment professionals would be eligible for the exemption. The bill also reduces reporting frequency for smaller advisers (under $1 billion in assets) to once every two years and requires the SEC to develop a simplified short-form filing.

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Bill details

Congress
118
Bill type
hr
Introduced
July 25, 2024
Sponsor
Not yet available
Last action
July 25, 2024— Referred to the House Committee on Financial Services.

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