United StatesImproving Capital Allocation for Newcomers Act of 2025
What it does
This bill expands qualification requirements for venture capital funds to include investment firms with more owners and capital contributions. Venture capital funds are exempt from certain regulations applicable to other investment firms, including those related to filings, audits, and restricted communications with investors. Currently, an investment firm qualifies as a venture capital fund if, among other requirements (1) the fund's securities are owned by 250 persons or less, and (2) the fund has $10 million or less in aggregate capital contributions and uncalled committed capital.
More detail
The bill increases these amounts to 2,000 persons and $150 million, respectively.
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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 H4950-4952)
- Dec 1DEBATE - The House proceeded with forty minutes of debate on H.R. 4431.
- 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 H4950-4951)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. 119-248.
- Sep 8Placed on the Union Calendar, Calendar No. 205.
- 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