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H.R. 2578 118th Congress House

Small Business Investor Capital Access Act

Official title: 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.

Introduced: April 13, 2023 Introduced by: Andy Barr Republican · Kentucky See on congress.gov
Finance and Financial Sector Bank accounts, deposits, capitalBanking and financial institutions regulationFinancial services and investmentsInflation and pricesLicensing and registrations
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Apr 13, 2023
Referred to the House Committee on Financial Services.
Apr 13, 2023
Introduced in House
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 Latest action April 13, 2023

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Small Business Investor Capital Access Act

This bill requires the Securities and Exchange Commission (SEC) to adjust annually for inflation the dollar amount of an exemption from registration requirements for investment advisors of private funds. Currently, investment advisors of private funds of less than $150 million in assets under management are exempt. The bill would require the SEC to adjust that amount annually based on the change in the Consumer Price Index.

 Related & companion bills 1
  • HR 2799 Expanding Access to Capital Act of 2023
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 2578: Small Business Investor Capital Access Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-2578/
MLA
"H.R. 2578: Small Business Investor Capital Access Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-2578/.
Bluebook (legal)
H.R. 2578, 118th Cong. (2026), https://openamerica.io/bill/118-HR-2578/.
Markdown link
[H.R. 2578: Small Business Investor Capital Access Act](https://openamerica.io/bill/118-HR-2578/)
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