The House Committee on Financial Services released details of yesterday’s vote on H.R. 3818 (the “Kanjorski private adviser registration bill) on their website. It looks like an amendment was originally proposed, but later withdrawn, to have the registration threshold at $500M.
As the bill makes its way through the rest of the House and then Senate, it will be interesting to watch how the details related to: AUM threshhold, inclusion of offshore and venture funds, etc change.
If you need a refresher about the steps for a bill to become a law, take a look at this classic video.
