Small Business Investor Capital Access Act (HR 3673)

119 HR 3673 RH: Small Business Investor Capital Access Act U.S. House of Representatives 2025-09-08 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. IB Union Calendar No. 211 119th CONGRESS 1st Session H. R. 3673 [Report No. 119–254] IN THE HOUSE OF REPRESENTATIVES June 3, 2025 Mr. Barr (for himself and Ms. Velázquez ) 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. 1. Short title This Act may be cited as the Small Business Investor Capital Access Act . 2. Inflation adjustment for the exemption threshold for certain investment advisers of private funds Section 203(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. . 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