SBIC Advisers Relief Act of 2014

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Congressional Research Service

Official summary

Version 00 · Introduced in Senate · Jul 31, 2014

SBIC Advisers Relief Act of 2014 - Amends the Investment Advisers Act of 1940 to exempt specified advisers of small business investment companies (SBICs) from certain: (1) Securities and Exchange Commission (SEC) registration requirements with respect to the provision of investment advice relating to venture capital funds, and (2) SEC registration and reporting requirements with respect to assets under management of private funds.

Provides the same exemption with respect to any state or local law requiring the registration, licensing, or qualifications of investment advisers.

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People & committees

Who introduced it

Sen. Kirk, Mark Steven [R-IL] · R–IL

Committees

Banking, Housing, and Urban Affairs Committee

1 cosponsorship records, including any withdrawals

Sen. Manchin, Joe, III [D-WV]

Legislative record

Actions

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Jul 31, 2014
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 31, 2014
Introduced in Senate

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in Senate · Jul 31, 2014 Formatted Text PDF Formatted XML

Related bills identified by Congress.gov

HR 4200 · SBIC Advisers Relief Act of 2014

Source last updated: Dec 5, 2025. Consult Congress.gov for the current record.

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Objective

Analyze S.2765 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Discuss S.2765, 113th Congress: SBIC Advisers Relief Act of 2014

Official record: https://www.congress.gov/bill/113th-congress/senate-bill/2765

Text version to examine: Introduced in Senate · 2014-07-31.

Official full text: https://www.congress.gov/113/bills/s2765/BILLS-113s2765is.htm

Imported record last updated by the source: 2025-12-05T15:03:15Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze S.2765 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine S.2765 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Discuss S.2765, 113th Congress: SBIC Advisers Relief Act of 2014

Official record: https://www.congress.gov/bill/113th-congress/senate-bill/2765

Text version to examine: Introduced in Senate · 2014-07-31.

Official full text: https://www.congress.gov/113/bills/s2765/BILLS-113s2765is.htm

Imported record last updated by the source: 2025-12-05T15:03:15Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.2765 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine S.2765 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

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Discuss S.2765, 113th Congress: SBIC Advisers Relief Act of 2014

Official record: https://www.congress.gov/bill/113th-congress/senate-bill/2765

Text version to examine: Introduced in Senate · 2014-07-31.

Official full text: https://www.congress.gov/113/bills/s2765/BILLS-113s2765is.htm

Imported record last updated by the source: 2025-12-05T15:03:15Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.2765 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine S.2765 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss S.2765, 113th Congress: SBIC Advisers Relief Act of 2014

Official record: https://www.congress.gov/bill/113th-congress/senate-bill/2765

Text version to examine: Introduced in Senate · 2014-07-31.

Official full text: https://www.congress.gov/113/bills/s2765/BILLS-113s2765is.htm

Imported record last updated by the source: 2025-12-05T15:03:15Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.2765 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.