United States 114th Congress Status: Died 1 R cosponsors

HR 432 — SBIC Advisers Relief Act of 2015

Last action — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Track this bill free

No card. One bill, free forever — alerts when it moves.

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. Died in session

This bill died with 114th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

SBIC Advisers Relief Act of 2015 (Sec. 2) 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. (Sec. 4) Provides the same exemption with respect to any state or local law requiring the registration, licensing, or qualifications of investment advisers.

Bill Text

We don't have the full text on file for this bill yet.

Read HR 432 on the official United States source →

Action History

  1. Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  2. Motion to reconsider laid on the table Agreed to without objection.

  3. On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H5140)

  4. DEBATE - The House proceeded with forty minutes of debate on H.R. 432.

  5. Considered under suspension of the rules. (consideration: CR H5140-5142)

  6. Mr. Luetkemeyer moved to suspend the rules and pass the bill.

  7. Reported by the Committee on Financial Services. H. Rept. 114-199.

  8. Placed on the Union Calendar, Calendar No. 148.

  9. Ordered to be Reported by the Yeas and Nays: 53 - 0.

  10. Committee Consideration and Mark-up Session Held.

  11. Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.

  12. Referred to the House Committee on Financial Services.

  13. Introduced in House

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

Show all 546 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HR 432 do?
SBIC Advisers Relief Act of 2015 (Sec. 2) 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. (Sec. 4) Provides the same exemption with respect to any state or local law requiring the registration, licensing, or qualifications of investment advisers.
Who sponsors HR 432?
HR 432 is sponsored by Blaine Luetkemeyer (R).
What is the current status of HR 432?
This bill died with 114th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 432?
Track HR 432 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on HR 432

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of HR 432

Last checked for changes about 16 hours ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →