In CommitteeFiled Feb 12, 2026
Sponsor: Sen. Rounds, Mike [R-SD] (R)
Latest Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb 12, 2026
Summary
The bill changes the Investment Advisers Act so that private fund advisers with assets under management up to $175 million, instead of $150 million, can remain exempt from certain reporting requirements. It also requires the Securities and Exchange Commission to update this threshold every five years based on inflation. This aims to help small‑business investors access capital more easily.
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