• Reconciling the Senate and House Versions of the Private Fund Investment Advisers Registration Act
  • June 2, 2010 | Authors: Yvonne Y.F. Chan; David S. Huntington; Amran Hussein; Marco V. Masotti
  • Law Firm: Paul, Weiss, Rifkind, Wharton & Garrison LLP - New York Office
  • On May 20, 2010, the United States Senate passed “The Restoring American Financial Stability Act of 2010” (the “Senate Bill”). The United States House of Representatives passed its own version of financial regulatory reform on December 11, 2009, titled “The Wall Street Reform and Consumer Protection Act of 2009” (the “House Bill”). Both the Senate Bill and the House Bill contain a comprehensive set of financial regulatory reforms, including the Private Fund Investment Advisers Registration Act requiring mandatory registration with the SEC for most private fund investment advisers.