This bill, titled the "Small Business Investor Capital Access Act," aims to update the Investment Advisers Act of 1940 by increasing the asset under management threshold for certain investment advisers of private funds to be exempt from registration with the Securities and Exchange Commission (SEC). The initial change raises this exemption threshold from $150,000,000 to $175,000,000 . Furthermore, the legislation introduces a mechanism for future adjustments to this threshold. It requires the SEC to review and adjust the dollar amount every five years to reflect changes in the Consumer Price Index for All Urban Consumers , as published by the Bureau of Labor Statistics. These adjustments will be rounded to the nearest multiple of $1,000,000 , ensuring the threshold keeps pace with inflation and potentially reducing regulatory burdens on smaller private fund advisers over time.