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S. 1978 114th Congress Senate

SBIC Advisers Relief Act of 2015

Official title: A bill to amend the Investment Advisers Act of 1940 to prevent duplicative regulation of advisers of small business investment companies.

Introduced: August 5, 2015 See on congress.gov
Finance and Financial Sector Banking and financial institutions regulationBusiness investment and capitalFinancial services and investmentsLicensing and registrations
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Small businessState and local government operations
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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
Aug 5, 2015
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Aug 5, 2015
Introduced in Senate
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 Latest action August 5, 2015

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

 Plain-English summary Congressional Research Service

SBIC Advisers Relief Act of 2015

Amends the Investment Advisers Act of 1940 to exempt specified advisers of small business investment companies (SBICs) from certain: (1) Securities and Exchange Commission (SEC) registration requirements with respect to the provision of investment advice relating to venture capital funds, and (2) SEC registration and reporting requirements with respect to assets under management of private funds.

Provides the same exemption with respect to any state or local law requiring the registration, licensing, or qualifications of investment advisers.

 Related & companion bills 2
  • HR 432 Identical bill SBIC Advisers Relief Act of 2015
  • HR 37 Promoting Job Creation and Reducing Small Business Burdens Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 1978: SBIC Advisers Relief Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-S-1978/
MLA
"S. 1978: SBIC Advisers Relief Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-1978/.
Bluebook (legal)
S. 1978, 114th Cong. (2026), https://openamerica.io/bill/114-S-1978/.
Markdown link
[S. 1978: SBIC Advisers Relief Act of 2015](https://openamerica.io/bill/114-S-1978/)
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