About: Small Business Capital Access and Job Preservation Act

The Small Business Capital Access and Job Preservation Act (H.R. 1105) is a bill that would exempt investment advisers from the Security and Exchange Commission’s (SEC’s) registration and reporting requirements when they provide advice to a private equity fund with outstanding debt that is less than twice the amount of capital that has been committed to and invested by the fund. This requirement was created by the Dodd–Frank Wall Street Reform and Consumer Protection Act. The Small Business Capital Access and Job Preservation Act passed in the United States House of Representatives during the 113th United States Congress.