A bill to require the Securities and Exchange Commission to revise the definitions of a "small business" and "small organization" for purposes of assessing the impact of the rulemakings of the Commission under the Investment Advisers Act of 1940.

Investment Adviser Regulatory Flexibility Improvement Act This bill directs the Securities and Exchange Commission (SEC) to revise the definitions of "small business" and "small organization" for the purpose of analyzing the impact of regulations promulgated under the Investment Advisers Act of 1940. Specifically, the SEC must provide alternative methods through which a business or organization may qualify under such definitions.