S. 1402 · 110th Congress
Hedge Fund Registration Act of 2007
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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
GrassleySponsorNo cosponsors.
Hedge Fund Registration Act of 2007 - Amends the Investment Advisers Act of 1940 with respect to the exemption from registration requirements of an investment adviser who: (1) during the preceding 12 months has had fewer than 15 clients; (2) does not hold himself out generally to the public as an investment adviser; and (3) does not act as one to any…
What it does: CRS summary · Introduced in Senate · May 15, 2007
Hedge Fund Registration Act of 2007 - Amends the Investment Advisers Act of 1940 with respect to the exemption from registration requirements of an investment adviser who: (1) during the preceding 12 months has had fewer than 15 clients; (2) does not hold himself out generally to the public as an investment adviser; and (3) does not act as one to any registered investment company or a company which has elected to be a business development company.
Revises such exemption to specify, in addition to these criteria, that during the preceding 12-month period the investment adviser: (1) had assets under management of not more than $50 million; and (2) did not manage the assets of more than 15 investors, whether individually, in a pooled investment vehicle, or otherwise.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Hedge Fund Registration Act of 2007
Latest action (May 15, 2007): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: May 15, 2007
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.