3.0.0 2579 2025-05-27T14:12:00Z 2025-05-27T14:12:00Z House H HR 2023-04-13 118 <pre>[Congressional Record Volume 169, Number 62 (Thursday, April 13, 2023)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. BARR:H.R. 2579.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the United States Constitution.The single subject of this legislation is:To require the Securities and Exchange Commission to revisethe definition of a qualifying investment, for purposes ofthe exemption from registration for venture capital fundadvisers under the Investment Advisers Act of 1940, toinclude an equity security issued by a qualifying portfoliocompany and to include an investment in another venturecapital fund, and for other purposes[Page H1726]</pre> hsba00 Financial Services Committee House Standing Referred To 2023-04-13T15:04:00Z 118 2799 HR 2024-03-11 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2023-04-13 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2023-04-13 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-04-13 Introduced in House IntroReferral 1000 9 Library of Congress B001282 Rep. Barr, Andy [R-KY-6] Andy Barr R KY 6 N Finance and Financial Sector Administrative law and regulatory procedures 2023-08-18T15:00:29Z Financial services and investments 2023-08-18T15:00:29Z Securities 2023-08-18T15:00:29Z Securities and Exchange Commission (SEC) 2023-08-18T15:00:29Z Finance and Financial Sector 2023-04-19T19:15:17Z

00 2023-04-13 Introduced in House 2023-05-18T18:30:54Z <p><strong>Developing and Empowering our Aspiring Leaders Act of 2023 </strong> </p> <p>This bill directs the Securities and Exchange Commission to revise venture capital investment regulations. 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 law, non-qualifying investments&#8212;which include secondary transactions and investments in other venture capital funds&#8212;may comprise up to 20% of a venture capital fund. </p> <p>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. </p> <p>

Display Title 45 2024-07-24T15:22:52Z Short Title(s) as Introduced 101 2024-05-24T13:41:05Z Introduced in House IH Official Title as Introduced 6 2024-03-18T20:36:57Z Introduced in House IH Introduced in House 2023-04-13T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr2579ih/xml/BILLS-118hr2579ih.xml 2023-04-13 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.