Mr. Rounds (for himself and Mr. Warnock) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
To require the Securities and Exchange Commission to revise the definition of a qualifying investment, for purposes of the exemption from registration for venture capital fund advisers under the Investment Advisers Act of 1940, to include an equity security issued by a qualifying portfolio company and to include an investment in another venture capital fund, and for other purposes.
Committee on Banking, Housing, and Urban Affairs (Standing)
Document Citations
Citations are generated automatically from bibliographic data
as a convenience and may not be complete or accurate.
Chicago
U.S. Congress. Senate. Developing and Empowering our Aspiring Leaders Act of 2025. S. 3351. 119th
Cong., 1st
sess., Introduced in Senate December 4, 2025. https://www.govinfo.gov/app/details/BILLS-119s3351is.
APA
Congress, Senate (2025, December 4). Developing and Empowering our Aspiring Leaders Act of 2025 (S. 3351 (IS)). Retrieved from https://www.govinfo.gov/app/details/BILLS-119s3351is.
MLA
United States, Congress, Senate. Developing and Empowering our Aspiring Leaders Act of 2025. U.S. Government Publishing Office, https://www.govinfo.gov/app/details/BILLS-119s3351is. 119th Congress, S. 3351, Introduced in Senate 4 Dec. 2025.
Bluebook
S.3351 - 119th Congress (2025-2026): Developing and Empowering our Aspiring Leaders Act of 2025, S.3351, 119th Cong. (2025), https://www.govinfo.gov/app/details/BILLS-119s3351is.
