The Dodd financial reform bill currently making its way through the banking committee has a number of shortcomings, including the proposed regulation of hedge funds, which should trouble pro-market types, the left wing and the hedge fund industry.

Congress is ready to regulate hedge funds and not regulate private equity or venture capital firms.  Even though the proposed regulation seems very vague, it still seems that funds will have to take one of two roads.  First road is to become a private equity firm or the second road is to lobby Congress and get out from regulation before the 181 day after passage of the bill.  The second road leads to much greater uncertainty.

The most important thing is that the hedge fund industry must realize that legislation is coming soon and act today.  Please click on the following link to read a PDF of the dreft bill Senator Dodd's Bill To Promote Financial Stability.  (pages  377-379)

Want to fight this bill?

Contact your Congressman or Congresswoman today and fight the regulatory efforts that are being unjustly placed upon the hedge fund industry. 

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