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ARTICLE · 18 APRIL 2011

Will Private Equity Fund Managers Be Exempt?

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The Small Business Capital Access and Job Preservation Act, is one of several controversial bills seeking to amend the Dodd-Frank Act.

United StatesFinance and Banking
David Guin
David Guin
Jeffrey Blomberg
Jeffrey Blomberg
Glen Roberts II
Glen Roberts II
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The Small Business Capital Access and Job Preservation Act, is one of several controversial bills seeking to amend the Dodd-Frank Act.

The Small Business Capital Access and Job Preservation Act, introduced by Congressman Robert Hurt, is one of several controversial bills recently introduced in the US House of Representatives seeking to amend the Dodd-Frank Act.

This legislation seeks to exempt private equity fund managers from the registration and reporting requirements imposed on investment advisers under the Investment Advisers Act of 1940, requirements scheduled to go into effect on July 21, 2011 under the Dodd-Frank Act. The bill seeks to extend to private equity fund managers a similar exemption to that granted to venture capital fund managers under the Dodd-Frank Act.

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