CONGRESS FOR VOTERS

RepublicanBill · S. 3880· Senate(119-S-3880)

Small Business Investor Capital Access Act

Rep. Rounds
Age: 72 years
South Dakota
Introduced
2/12/2026
Last activity
2/12/2026 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsored by
Mike Rounds
Cosponsors
Republican - 0Democrat - 1
Finance and Financial Sector
  1. Introduced
  2. In Committee

What this bill would do

This bill, known as the Small Business Investor Capital Access Act, proposes amendments to the Investment Advisers Act of 1940. It specifically aims to change how certain private fund advisers are exempted or required to report. The legislation increases a specific dollar threshold from $150,000,000 to $175,000,000. Additionally, it mandates that the Commission adjust this dollar amount every five years. This adjustment is based on the Consumer Price Index for All Urban Consumers to ensure the threshold reflects economic changes.

Yes

  • Would business owners be better off under this?+4

    The bill eases regulatory exemptions for certain private fund advisers, benefiting those managing investment businesses.

  • Does this make it easier to run a small business?+4

    The bill raises the assets-under-management threshold for private fund adviser exemptions, which reduces regulatory burdens for growing investment firms.

  • Would people with substantial wealth be better off under this?+3

    The increased threshold and inflation adjustments may facilitate easier capital management for high-net-worth investment vehicles.

The opposite

No question was scored the opposite.