3.0.0 4243 2022-12-31T04:58:22Z 2022-12-31T04:58:22Z House HR 2021-06-29 117 [Congressional Record Volume 167, Number 113 (Tuesday, June 29, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. TIMMONS:H.R. 4243.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 3[Page H3309]]]> hsba00 Financial Services Committee House Standing Referred to 2021-06-29T14:03:05Z 2021-06-29 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2021-06-29 Introduced in House IntroReferral Intro-H 9 Library of Congress 2021-06-29 Introduced in House IntroReferral 1000 9 Library of Congress T000480 Rep. Timmons, William R. IV [R-SC-4] William Timmons R SC R. 4 N Finance and Financial Sector Banking and financial institutions regulation Business investment and capital Business records Securities Finance and Financial Sector 00 2021-06-29 Introduced in House 2021-12-14T15:28:50Z Improving Capital Allocation for Newcomers Act of 2021

This bill revises qualification requirements for venture capital funds. 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. The bill increases these amounts to 600 persons and $150 million, respectively.

]]> Improving Capital Allocation for Newcomers Act of 2021 Official Title as Introduced To amend the Investment Company Act of 1940 with respect to the definition of qualifying venture capital funds, and for other purposes. Introduced in House IH Display Title Improving Capital Allocation for Newcomers Act of 2021 Short Title(s) as Introduced Improving Capital Allocation for Newcomers Act of 2021 Introduced in House IH Introduced in House 2021-06-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr4243ih/xml/BILLS-117hr4243ih.xml 2021-06-29 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.