Adds provisions to section 4(i) of the Securities Exchange Act of 1934, including preservation of Paperwork Reduction Act review exception for the Advocate and creates Offices of Small Business within specified SEC divisions.

Amends section 4A of the Securities Act of 1933 to modify numeric references and give the Commission discretion to increase certain crowdfunding limits up to $400,000 upon recommendation of specified offices.

Modifies section 203(m) of the Investment Advisers Act of 1940 to change a dollar threshold (appears to replace a previous figure with $75,000,000) and requires CPI-based inflation adjustments every 5 years.

Alters the thresholds in section 3(c)(1) of the Investment Company Act of 1940: increases the 'persons' threshold from 250 to 500; sets the asset/dollar threshold to $50,000,000 measured as of the date of enactment; and adds indexing and possible future adjustments via rulemaking under conditions.

Redesignates existing subparagraphs, adds new accredited investor categories (including net worth and income-based tests, licensing/registration, professional knowledge certified by SRO), and adds inflation adjustment and primary residence debt treatment provisions.

Rewrites the text of 3(c)(11) to modify the list and definitions of excluded pools/plans (employee stock bonus, custodial accounts, governmental plans, collective trust funds, separate accounts) and related cross-references to the Internal Revenue Code.

Modifies cross-references and list structure in the exemptions section to adjust lettering and to change language relating to plans to 'retirement income account.'

Adjusts the subparagraph lettering and clause structure relating to plans in the definition section to add an additional clause (iv) and change phrasing for plans not described in clause (iv).

Conforming amendment inserting an additional clause reference for plans described in section 3(a)(12)(C)(iv).

Adds a new subsection 5(d) providing that the SEC may not prohibit or limit closed-end companies from investing in securities issued by private funds and limits the Commission's authority to impose conditions on offerings or listings related to such investments, with an exception for unrelated restrictions.