summary
Introduced
06/29/2021
06/29/2021
In Committee
06/29/2021
06/29/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Investment Company Act of 1940 with respect to the definition of qualifying venture capital funds, and for other purposes.
AI Summary
This bill amends the Investment Company Act of 1940 to increase the number of investors that a qualifying venture capital fund can have from 250 to 600 persons, and to increase the maximum amount of capital a qualifying venture capital fund can have from $10 million to $150 million. The purpose of these changes is to improve capital allocation for new and emerging companies and entrepreneurs.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to the House Committee on Financial Services. (on 06/29/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/4243/all-info | 06/30/2021 |
| BillText | https://www.congress.gov/117/bills/hr4243/BILLS-117hr4243ih.pdf | 07/25/2021 |
| Bill | https://www.congress.gov/117/bills/hr4243/BILLS-117hr4243ih.pdf.pdf | 07/25/2021 |
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