Adjusts the exemption threshold for private fund advisers under the Investment Advisers Act of 1940.
The Small Business Investor Capital Access Act amends the Investment Advisers Act of 1940 to increase the exemption threshold for private fund advisers from $150 million to $175 million. This change aims to provide small businesses with better access to capital by easing regulatory burdens on certain advisers. Additionally, the bill mandates that the Securities and Exchange Commission adjust this threshold every five years to account for inflation.
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