News & Analysis as of

Small Business Investment Advisers Act of 1940

Mayer Brown Free Writings + Perspectives

House Committee on Financial Services Advances Capital Formation Legislation

On July 22 and 23, 2025, the House Committee on Financial Services (the “Committee”) held a full committee markup during which it considered certain bills that, if passed, would improve investor access to the capital markets....more

Troutman Pepper Locke

Description of the Small Business Investment Company Debenture Program - September 2019

Troutman Pepper Locke on

A Small Business Investment Company (SBIC) is a privately owned and operated company that makes long-term investments in American small businesses and is licensed by the United States Small Business Administration (SBA)....more

Troutman Pepper Locke

Description of the Small Business Investment Company Program Participation by Unleveraged Funds - January 2019

Troutman Pepper Locke on

A Small Business Investment Company (SBIC) is a privately owned and operated company that makes long-term investments in American small businesses and is licensed by the United States Small Business Administration (SBA)....more

McGuireWoods LLP

A Summary of the SBIC Progarm

McGuireWoods LLP on

BACKGROUND AND CURRENT STATE OF THE SBIC PROGRAM - The Small Business Investment Company (SBIC) Program enables private equity fund managers to access government leverage at rates typically lower than traditional lending...more

Troutman Pepper Locke

Description of the Small Business Investment Company Program Participation by Unleveraged Funds - January 2018

Troutman Pepper Locke on

A Small Business Investment Company (SBIC) is a privately owned and operated company that makes long-term investments in American small businesses and is licensed by the United States Small Business Administration (SBA)....more

Herbert Smith Freehills Kramer

Funds Talk: June 2017 - SEC Proposes Changes to Investment Advisers Act in Response to FAST Act

On May 3, the Securities and Exchange Commission (SEC) released proposed amendments to certain rules under the Investment Advisers Act of 1940 (the Advisers Act) to reflect the impact of the Fixing America’s Surface...more

Troutman Pepper Locke

Description of the Small Business Investment Company Program Participation by Unleveraged Funds - January 2017

Troutman Pepper Locke on

A Small Business Investment Company (SBIC) is a privately owned and operated company that makes long-term investments in American small businesses and is licensed by the United States Small Business Administration (SBA)....more

Broker-Dealer Compliance + Regulation

House Bill Would Ease Regulatory Restrictions to Private Fund Advisers

On September 9, 2016, the U.S. House of Representatives approved a bill that would amend the Investment Advisers Act of 1940 to modernize certain disclosure requirements and lessen regulatory burdens on private fund advisers....more

Morrison & Foerster LLP - JOBS Act

House Debate Scheduled for Bills Relating to Capital Access for Small Business

Next week, the House is scheduled to debate two bills designed to reduce regulatory burden on small businesses in order to facilitate access to capital. H.R. 5424, the Investment Advisers Modernization Act, was approved by...more

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