market capitalization of less than $500,000,000, nor to any issuer that is a depository institution with assets of less than $1,000,000,000. . 848. Streamlining of applications for an exemption from the Investment Company Act of 1940 Section 6(c) of the Investment Company Act of 1940 ( 15 U.S.C. 80a–6(c) ) is amended— (1) by striking (c) The Commission and inserting the following: (c) General exemptive authority (1) In general The Commission