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Venture Capital Support: New Investment Rules

This act aims to facilitate investment in young, growing companies by revising the definition of qualifying investments for venture capital funds. This will allow these funds to more easily support innovative businesses, potentially leading to job creation and economic growth. Citizens may indirectly benefit from a greater number of innovative products and services in the market.
Key points
Expanding the definition of qualifying investments for venture capital funds to include equity securities acquired directly from companies or in secondary acquisitions.
Allowing venture capital funds to invest in other venture capital funds, increasing investment flexibility.
Requiring that the majority of a venture capital fund's investments come directly from companies or from other venture capital funds, ensuring a focus on supporting new enterprises.
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Status:
Expired
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Additional Information
Print number: 117_S_3914
Sponsor: Sen. Rounds, Mike [R-SD]
Process start date: 2022-03-24
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
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OFFICIAL LEGAL TITLE

Developing and Empowering our Aspiring Leaders Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_3914.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-03-24.

What are the main provisions?

Key points include:

  • Expanding the definition of qualifying investments for venture capital funds to include equity securities acquired directly from companies or in secondary acquisitions.
  • Allowing venture capital funds to invest in other venture capital funds, increasing investment flexibility.
  • Requiring that the majority of a venture capital fund's investments come directly from companies or from other venture capital funds, ensuring a focus on supporting new enterprises.
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. Rounds, Mike [R-SD].

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.

CATEGORIES

Economy