H.R. 1082, the Small Business Capital Access and Job Preservation ActPosted by on April 26, 2011
The Financial Services Committee has received testimony regarding the role private equity firms play in preserving existing jobs and creating new ones by providing capital to struggling and growing companies. The Dodd-Frank Act requires most advisers to private investment funds to register with the SEC, including advisers to private equity funds. The Small Business Capital Access and Job Preservation Act, H.R. 1082, exempts advisers to private equity funds from the registration requirements. The legislation is sponsored by Representative Robert Hurt.