Sec. 901. Advisers of SBICs and venture capital funds

89 words·~1 min read·/bill/114/hr/37/eh/section-901

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Section 203(l) of the Investment Advisers Act of 1940 ( 15 U.S.C. 80b–3(l) ) is amended— by striking No investment adviser and inserting the following: No investment adviser ; and by adding at the end the following: For purposes of this subsection, a venture capital fund includes an entity described in subparagraph (A), (B), or

(C)of subsection (b)(7) (other than an entity that has elected to be regulated or is regulated as a business development company pursuant to section 54 of the Investment Company Act of 1940). .

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15 USC 80b–3(l)

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Sec. 901

Advisers of SBICs and venture capital funds

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