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Bracewell LLP | USA | 16 Jul 2009

President Obama's administration proposes the "Private Fund Investment Advisers Registration Act of 2009"

Yesterday President Obama’s administration proposed the Private Fund Investment Advisers Registration Act of 2009 (the "Act") to the U.S. Congress which, if enacted as proposed, would require SEC registration for investment advisers to private funds with assets under management of $30 million or more.

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