3.0.0 2790 2025-05-27T14:12:00Z 2025-05-27T14:12:00Z House H HR 2023-04-20 118 <pre>[Congressional Record Volume 169, Number 66 (Thursday, April 20, 2023)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. TIMMONS:H.R. 2790.Congress has the power to enact this legislation pursuantto the following:The constitutional authority on which this bill rests isthe power of Congress to make rules for the regulation ofcommerce, as enumerated in Article I, Section 8, Clause 3 ofthe United States Constitution.The single subject of this legislation is:This bill revises qualification requirements for venturecapital funds. Currently, an investment firm qualifies as aventure capital fund if, among other requirements (1) thefund's securities are owned by 250 persons or less, and (2)the fund has $10 million or less in aggregate capitalcontributions and uncalled committed capital. The billincreases these amounts to 2,000 persons and $150 million,respectively.[Page H1912]</pre> hsba00 Financial Services Committee House Standing Referred To 2023-04-20T13:01:40Z 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 118 3319 S 2023-11-15 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2023-04-20 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2023-04-20 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-04-20 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 Finance and Financial Sector 2023-05-03T19:30:54Z

00 2023-04-20 Introduced in House 2023-10-06T17:18:23Z <p><strong>Improving Capital Allocation for Newcomers Act of 2021 [<i>sic</i>]</strong></p> <p>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 2000 persons and $150 million, respectively. </p>

Display Title 45 2024-07-24T15:22:36Z Short Title(s) as Introduced 101 2024-05-24T13:40:45Z Introduced in House IH Official Title as Introduced 6 2024-03-18T20:38:55Z Introduced in House IH Introduced in House 2023-04-20T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr2790ih/xml/BILLS-118hr2790ih.xml 2023-04-20 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.