Skip to main content
H.R. 2586 110th Congress House

Securities and Exchange Commission Authority Restoration Act of 2007

Official title: To amend the Investment Advisers Act of 1940 to authorize the Commission to require the registration of hedge fund advisers under that Act.

Introduced: July 23, 2007 See on congress.gov
Finance and Financial Sector Administrative procedureFutures tradingGovernment Operations and PoliticsGovernment paperwork
More subjectsShow fewer subjects
Independent regulatory commissionsInformation disclosure (Securities law)Investment advisersLawMutual fundsSecurities and Exchange CommissionSecurities regulation
Sign in to write a letter Sign in to watch
This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 6, 2007
Referred to the House Committee on Financial Services.
Jun 6, 2007
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action June 6, 2007

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Securities and Exchange Commission Authority Restoration Act of 2007 - Amends the Investment Advisers Act of 1940 with respect to the exemption from the requirement of registration for any investment adviser: (1) who has had fewer than fifteen clients during the course of the preceding twelve months; and (2) who neither holds himself out generally to the public as an investment adviser, nor acts an an investment adviser to any registered investment company or a company which has elected to be a business development company.

Authorizes the Securities and Exchange Commission (SEC) to: (1) limit the availability of this exemption; and (2) require the registration of any investment adviser by requiring that certain shareholders, partners, and beneficial owners of, or investors in, clients of the adviser be counted as clients themselves.

 Related & companion bills 1
  • S 1402 Hedge Fund Registration Act of 2007
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Kaptur, Marcy
Ohio · Jul 23, 2007
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2586: Securities and Exchange Commission Authority Restoration Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-HR-2586/
MLA
"H.R. 2586: Securities and Exchange Commission Authority Restoration Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-2586/.
Bluebook (legal)
H.R. 2586, 110th Cong. (2026), https://openamerica.io/bill/110-HR-2586/.
Markdown link
[H.R. 2586: Securities and Exchange Commission Authority Restoration Act of 2007](https://openamerica.io/bill/110-HR-2586/)
Report a problem