FREQUENTLY ASKED QUESTIONS
What is the official ID of this bill?
The official print number for this legislation is 117_S_3097.
Which chamber initiated this legislation?
This legislation was initiated in the Senate.
When did the legislative process begin?
The process officially started on 2021-10-28.
What are the main provisions?
Key points include:
- Establishes "venture exchanges" – specialized platforms for trading shares of small and growing companies.
- Simplifies capital raising for young companies, potentially accelerating their growth.
- Introduces streamlined rules for companies listed on these exchanges, while maintaining investor protection.
- Offers investors new opportunities to put money into promising early-stage companies.
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 Sen. Kennedy, John [R-LA].
What is the latest detailed status?
The latest detailed status is: Introduced in Senate
Is this summary verified?
Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.
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.