Well functioning markets are essential to the prosperity of our country, but well functioning markets require regulatory structures the disincentivize people from generating negative externalities. This bill removes such regulatory structures and encourages shenanigans that could negatively impact our economy. Hedge funds with more than 100 people are companies that are run by managers, not individual investors making direct decisions on how to invest their funds. The capital invested in these companies need to be protected. Such protections reduce risk and thereby incentivize more people to invest. This law is bad for our economy.