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        <title>Improving Capital Allocation for Newcomers Act of 2021</title>
        <congress>118</congress>
        <number>2790</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2023-04-20</actionDate>
          <text>Referred to the House Committee on Financial Services.</text>
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        <actionDate>2023-11-15</actionDate>
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        <fullName>Sen. Moran, Jerry [R-KS]</fullName>
        <firstName>Jerry</firstName>
        <lastName>Moran</lastName>
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        <state>KS</state>
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        <fullName>Sen. Warner, Mark R. [D-VA]</fullName>
        <firstName>Mark</firstName>
        <lastName>Warner</lastName>
        <party>D</party>
        <state>VA</state>
        <middleName>R.</middleName>
        <sponsorshipDate>2023-11-15</sponsorshipDate>
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        <bioguideId>S001184</bioguideId>
        <fullName>Sen. Scott, Tim [R-SC]</fullName>
        <firstName>Tim</firstName>
        <lastName>Scott</lastName>
        <party>R</party>
        <state>SC</state>
        <sponsorshipDate>2023-11-15</sponsorshipDate>
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        <updateDate>2023-12-12T19:30:19Z</updateDate>
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        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2024-07-15T18:32:03Z</updateDate>
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          <text>&lt;p&gt;&lt;strong&gt;Expanding American Entrepreneurship Act&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;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 500 persons and $50 million, respectively.&lt;/p&gt;</text>
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    <title>Expanding American Entrepreneurship Act</title>
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        <title>Expanding American Entrepreneurship Act</title>
        <updateDate>2024-07-24T15:19:48Z</updateDate>
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        <title>Expanding American Entrepreneurship Act</title>
        <updateDate>2024-05-24T13:35:21Z</updateDate>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
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        <title>A bill to amend the Investment Company Act of 1940 to address entities that are not considered to be investment companies for the purposes of that Act, and for other purposes.</title>
        <updateDate>2023-11-28T03:59:26Z</updateDate>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
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        <date>2023-11-15T05:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-118s3319is/xml/BILLS-118s3319is.xml</url>
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    <latestAction>
      <actionDate>2023-11-15</actionDate>
      <text>Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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