Empirical Evidence on proposed Investment Advisers Modernization Act

The NYT today summarized the political background on the proposed Investment Advisers Modernization Act here:

http://www.nytimes.com/2016/09/09/business/dealbook/private-equity-tries-to-chip-away-at-dodd-frank-with-house-bill.html?_r=0

My Colleague, Jennifer Taub (Vermont) testified in the House Subcommittee on Financial Services in this context and was kind enough to cite some of my work:

https://wulfkaal.com/2016/05/19/investment-advisers-modernization-act-of-2016/

Here the two perhaps most relevant empirical findings on the Investment Advisers Modernization Act of 2016:

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2629386

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2629347