H.R. 3673: Small Business Investor Capital Access Act

119th Congress · introduced 2025-06-03 · Finance and Financial Sector · Latest: Placed on the Union Calendar, Calendar No. 211.

federal

What does this mean?

Official title

Small Business Investor Capital Access Act

Plain summary

Small Business Investor Capital Access Act This bill requires the Securities and Exchange Commission (SEC) to adjust annually for inflation the dollar threshold of an exemption from registration requirements for investment advisors of private funds. Currently, investment advisors of private funds of less than $150 million in assets under management are exempt. The bill requires the SEC to adjust that amount annually based on the change in the Consumer Price Index.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Small Business Investor Capital Access Act

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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Officials and money

Sponsor: Rep. Barr, Andy [R-KY-6] · 1 cosponsors

Money: CBO cost estimate: H.R. 3673, Small Business Investor Capital Access Act (2025-10-31) No linked contracts or vendors yet.

Words on this page, explained (3)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Exemption: A rule that removes certain people, property or activities from a tax or requirement.
Securities: Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119hr3673.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/hr>

Record fed-us-cong119-hr3673 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills