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    <congress>119</congress>
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      <constitutionalAuthorityStatementText>&lt;pre&gt;[Congressional Record Volume 171, Number 122 (Wednesday, July 16, 2025)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. TIMMONS:H.R. 4431.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the United States Constitution[Page H3368]&lt;/pre&gt;</constitutionalAuthorityStatementText>
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        <text>On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4950-4951)</text>
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        <text>DEBATE - The House proceeded with forty minutes of debate on H.R. 4431.</text>
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        <text>Mr. Davidson moved to suspend the rules and pass the bill, as amended.</text>
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        <text>Placed on the Union Calendar, Calendar No. 205.</text>
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        <fullName>Rep. Timmons, William R. [R-SC-4]</fullName>
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        <fullName>Rep. Pettersen, Brittany [D-CO-7]</fullName>
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        <party>D</party>
        <state>CO</state>
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      <name>Finance and Financial Sector</name>
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          <name>Banking and financial institutions regulation</name>
          <updateDate>2025-08-26T16:20:54Z</updateDate>
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        <updateDate>2025-11-26T18:48:13Z</updateDate>
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          <text>&lt;p&gt;&lt;strong&gt;Improving Capital Allocation for Newcomers Act of 2025&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;This bill expands qualification requirements for venture capital funds to include investment firms with more owners and capital contributions. 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 2,000 persons and $150 million, respectively.&lt;/p&gt;</text>
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    <title>Improving Capital Allocation for Newcomers Act of 2025</title>
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        <title>To amend the Investment Company Act of 1940 with respect to the definition of qualifying venture capital funds, and for other purposes.</title>
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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>
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