Hedge Fund Registration Act of 2007

Summary

Hedge Fund Registration Act of 2007 - Amends the Investment Advisers Act of 1940 with respect to the exemption from registration requirements of an investment adviser who: (1) during the preceding 12 months has had fewer than 15 clients; (2) does not hold himself out generally to the public as an investment adviser; and (3) does not act as one to any registered investment company or a company which has elected to be a business development company. Revises such exemption to specify, in addition to these criteria, that during the preceding 12-month period the investment adviser: (1) had assets under management of not more than $50 million; and (2) did not manage the assets of more than 15 investors, whether individually, in a pooled investment vehicle, or otherwise.

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Timeline

1. 15 May 2007

   Introduced

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

   Source: IntroReferral

2. 15 May 2007

   Introduced

   Sponsor introductory remarks on measure. (CR S6141-6142)

   Source: IntroReferral

3. 15 May 2007

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 15 May 2007 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 15 May 2007

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 15 May 2007

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 15 May 2007

  Open at official source

Sponsors

• Chuck Grassley · R · Sponsor
• · ssbk00 · Standing

Related records

• related to → Securities and Exchange Commission Authority Restoration Act of 2007