---
type: "Bill"
title: "AN ACT relating to investment advisers."
description: "Create a new section of KRS Chapter 292 to establish a registration exemption for private fund advisers; establish requirements for the exemption; direct where filings shall be made; require investment advisers to comply with registration requirements within 90 days of becoming ineligible for exemption; permit the commissioner of the Department of Financial Institutions to waive certain provisions; amend KRS 292.330 to conform; make technical amendments."
jurisdiction: "us/states/ky"
legislature: "Kentucky General Assembly"
session: "2024RS"
identifier: "SB 139"
citation: "Kentucky SB 139 (2024RS)"
classification: ["bill"]
subjects: ["Licensing", "Public Protection", "Securities", "State Agencies", "Technical Corrections"]
status: "enacted"
primary_sponsors: ["C. McDaniel", "M. Deneen"]
version_count: 3
action_count: 19
vote_count: 2
first_action: "2024-01-26T05:00:00+00:00"
last_action: "2024-04-04T04:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/de05e814-3edb-4d41-bf88-2597c6c725e7"
source_url: "https://apps.legislature.ky.gov/record/24RS/sb139.html"
source_hash: "a348caced3ca47bad64ba2bf236048842cf5f4aabd7f3f17e75b877292aa4d4a"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ky"]
---

# Kentucky SB 139 (2024RS) — AN ACT relating to investment advisers.

Create a new section of KRS Chapter 292 to establish a registration exemption for private fund advisers; establish requirements for the exemption; direct where filings shall be made; require investment advisers to comply with registration requirements within 90 days of becoming ineligible for exemption; permit the commissioner of the Department of Financial Institutions to waive certain provisions; amend KRS 292.330 to conform; make technical amendments.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](https://apps.legislature.ky.gov/recorddocuments/bill/24RS/sb139/orig_bill.pdf)
2. **Acts Chapter 42** (committee substitute) — [source](https://apps.legislature.ky.gov/law/acts/24RS/documents/0042.pdf)
3. **Current/Final** (committee substitute) — [source](https://apps.legislature.ky.gov/recorddocuments/bill/24RS/sb139/bill.pdf)

## Votes

- PASS SB 139 — **pass** (pass) · upper
- Final Passage — **pass** (pass) · upper

## Sponsors

- C. McDaniel — primary (person)
- M. Deneen — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2024-01-26T05:00:00+00:00** introduced in Senate `introduction`
- **2024-01-26T05:00:00+00:00** to Committee on Committees (S) `referral-committee`
- **2024-01-29T05:00:00+00:00** to Banking & Insurance (S) `referral-committee`
- **2024-02-13T05:00:00+00:00** reported favorably, 1st reading, to Calendar `committee-passage`
- **2024-02-14T05:00:00+00:00** 2nd reading, to Rules `reading-2`
- **2024-02-14T05:00:00+00:00** posted for passage in the Regular Orders of the Day for Friday, February 16, 2024
- **2024-02-16T05:00:00+00:00** 3rd reading, passed 29-0 `passage, reading-3`
- **2024-02-20T05:00:00+00:00** received in House
- **2024-02-20T05:00:00+00:00** to Committee on Committees (H) `referral-committee`
- **2024-03-05T05:00:00+00:00** to Banking & Insurance (H) `referral-committee`
- **2024-03-06T05:00:00+00:00** reported favorably, 1st reading, to Calendar `committee-passage`
- **2024-03-07T05:00:00+00:00** 2nd reading, to Rules `reading-2`
- **2024-03-22T04:00:00+00:00** posted for passage in the Regular Orders of the Day for Monday, March 25, 2024
- **2024-03-27T04:00:00+00:00** 3rd reading, passed 92-0 `passage, reading-3`
- **2024-03-27T04:00:00+00:00** received in Senate
- **2024-03-27T04:00:00+00:00** enrolled, signed by President of the Senate `passage`
- **2024-03-27T04:00:00+00:00** enrolled, signed by Speaker of the House `passage`
- **2024-03-27T04:00:00+00:00** delivered to Governor
- **2024-04-04T04:00:00+00:00** signed by Governor (Acts Ch.42) `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/de05e814-3edb-4d41-bf88-2597c6c725e7`. Confidence: reported (aggregated from official Kentucky legislature records).