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H.R. 3673

U.S. House•House Floor Calendar

Summary

H.R. 3673, the Small Business Investor Capital Access Act, was introduced in the House on Jun 3, 2025 by Rep. Garland Barr (R) with 1 co-sponsor. It last saw action on Sep 8, 2025: Placed on the Union Calendar, Calendar No. 211.

Record

Text

H.R. 3673 has 1 co-sponsor.

hb3673/introduced-in-house.txt
119 HR 3673 IH: Small Business Investor Capital Access Act
 U.S. House of Representatives
 2025-06-03
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  1st Session  H. R. 3673  IN THE HOUSE OF REPRESENTATIVES   June 3, 2025   Mr. Barr  (for himself and  Ms. Velázquez ) introduced the following bill; which was referred to the  Committee on Financial Services    A BILL
To amend the Investment Advisers Act of 1940 to increase the exemption from registration threshold for certain investment advisers of private funds to reflect the change in inflation.
1.
Short title
This Act may be cited as the   Small Business Investor Capital Access Act  .
2.
Inflation adjustment for the exemption threshold for certain investment advisers of private funds
Section 203(m) of the Investment Advisers Act of 1940 ( 15 U.S.C. 80b–3(m) ) is amended by adding at the end the following:
(5)
Inflation adjustment
The Commission shall adjust the dollar amount described under paragraph (1)—
(A)
upon enactment of this paragraph, to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the Department of Labor between the date of enactment of the Private Fund Investment Advisers Registration Act of 2010 and the date of enactment of this paragraph; and
(B)
annually thereafter, to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the Department of Labor.
 .

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-06-03
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

To amend the Investment Advisers Act of 1940 to increase the exemption from registration threshold for certain investment advisers of private funds to reflect the change in inflation.

Sponsors

Rep. Garland Barr (R) sponsors H.R. 3673, and 1 member has co-sponsored it from the day it was introduced.

Committees

H.R. 3673 went before 1 committee: Financial Services.

Financial Services
Financial Services
Reported By · Sep 8, 2025 · 559 Bills

Reports

1 committee report has been filed on H.R. 3673, the latest H. Rept. 119-254.

Actions

H.R. 3673 has taken 6 actions since Jun 3, 2025, the latest on Sep 8, 2025.

ChamberAction
Sep 8, 2025
House
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-254.Financial Services Committee
Sep 8, 2025
House
Placed on the Union Calendar, Calendar No. 211.
Jul 22, 2025
House
Committee Consideration and Mark-up Session HeldFinancial Services Committee
Jul 22, 2025
House
Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 2.Financial Services Committee
Jun 3, 2025
House
Introduced in House

Votes

H.R. 3673 has not gone to a roll call.

1 bill is related to H.R. 3673.

Titles

H.R. 3673 goes by 4 titles, 2 of them short titles.

  • Small Business Investor Capital Access Act — Display Title
  • Small Business Investor Capital Access Act — Short Title(s) as Reported to House
  • Small Business Investor Capital Access Act — Short Title(s) as Introduced
  • To amend the Investment Advisers Act of 1940 to increase the exemption from registration threshold for certain investment advisers of private funds to reflect the change in inflation. — Official Title as Introduced

Cost estimate

The Congressional Budget Office has filed 1 estimate for H.R. 3673, the latest on Oct 31, 2025.

Lobbying

2 clients hired 2 firms and 106 registered lobbyists who named H.R. 3673 in 7 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Banking, Budget/Appropriations, Financial Institutions/Investments/Securities, Health Issues, Labor Issues/Antitrust/Workplace, Taxation/Internal Revenue Code, Aerospace, Automotive Industry.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
CHAMBER OF COMMERCE OF THE U.S.A.—District of Columbia16—
AMERICANS FOR FINANCIAL REFORM—District of Columbia11—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
CHAMBER OF COMMERCE OF THE U.S.A.16—
AMERICANS FOR FINANCIAL REFORM11—

Lobbyists

Named on the filings that cite the bill. The 20 named most often, of 106.

LobbyistFirmsClientsFilings
ABELARDO TORRES116
ALEXA BRANSON116
ANDREA PORWOLL116
ASHLEY GUM116
BRADLEY WATTS116
BRINCE MANNING116
BROOKE MILLER116
CASSIA CARVALHO116
CHAD WHITEMAN116
CHANTEL SHEAKS116
CHRISTOPHER CRENSHAW116
CHRISTOPHER EYLER116
CHRISTOPHER GUITH116
CHRISTOPHER ROBERTI116
CLARK JACKSON116
DAN BYERS116
ERIN DELANEY116
ESPERANZA JELALIAN116
FOXHALL PARKER116
GARY LITMAN116

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2026 first_quarter$19.8M1st Quarter - Amendme…
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2026 first_quarter$19.8M1st Quarter - Report
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2025 second_quarter$19.3M2nd Quarter - Report
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2025 fourth_quarter$18M4th Quarter - Report
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2026 second_quarter$17M2nd Quarter - Report
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2025 third_quarter$13.7M3rd Quarter - Report
AMERICANS FOR FINANCIAL REFORMAMERICANS FOR FINANCIAL REFORM2025 third_quarter$150K3rd Quarter - Report

Classification

The Congressional Research Service files H.R. 3673 under Finance and Financial Sector, one of its 31 policy areas, and gives it 5 legislative subjects.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 3673’s is Finance and Financial Sector.

hr3673/policy-areas.txt
Finance and Financial SectorAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Legislative Subjects

H.R. 3673 carries 5 of CRS’s legislative subjects, from Bank accounts, deposits, capital to Licensing and registrations.

hr3673/subjects.txt
Bank accounts, deposits, capitalBanking and financial institutions regulationFinancial services and investmentsInflation and pricesLicensing and registrations

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 3673, as entered in the Congressional Record.

[Congressional Record Volume 171, Number 94 (Tuesday, June 3, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BARR:H.R. 3673.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the United States Constitution.[Page H2419]

Source: congress.gov · legiscan.com