United StatesDeveloping and Empowering our Aspiring Leaders Act of 2025
What it does
This bill directs the Securities and Exchange Commission to revise venture capital investment regulations to allow additional types of investments to be considered as qualifying investments. Venture capital funds are exempt from certain regulations applicable to other investment firms, including those related to filings, audits, and restricted communications with investors. Under current regulations, non-qualifying investments—which include secondary transactions and investments in other venture capital funds—may comprise up to 20% of a venture capital fund.
More detail
The bill allows investments acquired through secondary transactions or investments in other venture capital funds to be considered as qualifying investments for venture capital funds. However, for a private fund to qualify as a venture capital fund, the fund's investments must predominately (1) be acquired directly, or (2) be investments in other venture capital funds.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Dec 2Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Latest
- Dec 1Mr. Davidson moved to suspend the rules and pass the bill, as amended.
- Dec 1Considered under suspension of the rules. (consideration: CR H4948-4950)
- Dec 1DEBATE - The House proceeded with forty minutes of debate on H.R. 4429.
- Dec 1Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4949)Passed House
- Dec 1Motion to reconsider laid on the table Agreed to without objection.
- Sep 8Reported (Amended) by the Committee on Financial Services. H. Rept. 119-246.
- Sep 8Placed on the Union Calendar, Calendar No. 203.
- Jul 22Committee Consideration and Mark-up Session Held
- Jul 22Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 2.
- Jul 16Introduced in House
- Jul 16Referred to the House Committee on Financial Services.Introduced