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More Funds for New Businesses: Capital Investment Changes

This act aims to make it easier for new businesses to raise capital. It increases the number of people who can invest in venture capital funds and raises the asset limit for such funds. This could mean more opportunities for innovative companies and potentially new jobs.
Key points
Increases the number of investors in venture capital funds from 250 to 600 people.
Raises the asset limit for qualifying venture capital funds from $10 million to $150 million.
Facilitates access to funding for startups and small businesses, potentially boosting economic growth.
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Status:
Expired
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Additional Information
Print number: 117_HR_4243
Sponsor: Rep. Timmons, William R. IV [R-SC-4]
Process start date: 2021-06-29
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Improving Capital Allocation for Newcomers Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4243.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-06-29.

What are the main provisions?

Key points include:

  • Increases the number of investors in venture capital funds from 250 to 600 people.
  • Raises the asset limit for qualifying venture capital funds from $10 million to $150 million.
  • Facilitates access to funding for startups and small businesses, potentially boosting economic growth.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Timmons, William R. IV [R-SC-4].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Public Investments