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H.R.1105: Small Business Capital Access and Job Preservation Act

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about finance and financial sector
You can read the bill
Sponsor Robert Hurt, R-Va.
Total Cosponsors 12 (7 Democrats, 5 Republicans)
Introduced March 13, 2013
Latest Major Action Dec. 9, 2013
See it on GovTrack
See it on C-SPAN

Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Small Business Capital Access and Job Preservation Act - Amends the Investment Advisers Act of 1940 to exempt private equity fund investment advisers from its registration and reporting requirements, provided that each private equity fund has not borrowed and does not have outstanding a principal amount exceeding twice its invested capital commitments.

Directs the Securities and Exchange Commission (SEC) to promulgate final rules that: (1) require such investment advisers to maintain records the SEC determines necessary, taking into account fund size, governance, investment strategy, and risk; and (2) define the term "private equity fund" for purposes of this Act.

(Source: Congressional Research Service)

Bill Actions

Date Description
Dec. 9, 2013 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec. 4, 2013 Motion to reconsider laid on the table Agreed to without objection.
Dec. 4, 2013

On passage Passed by recorded vote: 254 - 159 (Roll no. 622). (text: CR H7470)

Dec. 4, 2013

On motion to recommit with instructions Failed by recorded vote: 185 - 227 (Roll no. 621). (consideration: CR H7490)

Dec. 4, 2013 The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H7489)
Dec. 4, 2013 Floor summary: DEBATE - The House proceeded with 10 minutes of debate on the Horsford motion to recommit with instructions. The instructions contained in the motion seek to report the same back to the House forthwith with an amendment to require that in order for a firm to qualify for exemption from Dodd-Franks registration and reporting requirement, it must provide investment advice for funds that do not own controlling interests in a company that outsources American jobs and publicly report the number of jobs eliminated each quarter at each company owned and controlled by the funds.
Dec. 4, 2013 Mr. Horsford moved to recommit with instructions to Financial Services. (consideration: CR H7488; text: CR H7488)
Dec. 4, 2013 DEBATE - Pursuant to the provisions of H.Res. 429, the House proceeded with 10 minutes of debate on the Carolyn Maloney amendment.
Dec. 4, 2013 DEBATE - The House proceeded with one hour of debate on H.R. 1105.
Dec. 4, 2013 For H.R. 3309, resolution provides one hour of general debate; bill is considered read; specified amendments are in order; and one motion to recommit, with or without instructions. For H.R. 1105, resolution provides that an amendment in the nature of a substitute consisting of the text of Rules Committee print 113-29 shall be considered as adopted; one hour of debate; makes in order an additional specified amendment; and one motion to recommit, with or without instructions.
Dec. 4, 2013 Considered under the provisions of rule H. Res. 429. (consideration: CR H7470-7491)
Dec. 4, 2013 Rule H. Res. 429 passed House.
Dec. 3, 2013 Rules Committee Resolution H. Res. 429 Reported to House. For H.R. 3309, resolution provides one hour of general debate; bill is considered read; specified amendments are in order; and one motion to recommit, with or without instructions. For H.R. 1109, resolution provides that an amendment in the nature of a substitute consisting of the text of Rules Committee print 113-29 shall be considered as adopted; one hour of debate; makes in order an additional specified amendment; and one motion to recommit, with or without instructions.
Nov. 22, 2013 Placed on the Union Calendar, Calendar No. 197.
Nov. 22, 2013 Reported by the Committee on Financial Services. H. Rept. 113-276.
June 19, 2013 Ordered to be Reported by the Yeas and Nays: 38 - 18.
June 19, 2013 Committee Consideration and Mark-up Session Held.
May 23, 2013 Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
March 13, 2013 Referred to the House Committee on Financial Services.