Small Business Investor Capital Access Act

This bill raises the cutoff for when certain advisers to private funds must register with the federal government. The threshold moves from $50 million to $75 million in assets, and it must be updated every five years to keep up with inflation. The update uses the Consumer Price Index and rounds to the nearest $1 million.

Key points:

• Who is affected: Advisers of private funds.
• What changes: The registration cutoff rises from $50 million to $75 million; the amount must be adjusted for inflation every five years and rounded to the nearest $1 million.
• When: The adjustment happens every five years going forward.