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Venture Capital Funds: New Investment Rules for Growth

This act changes the rules for what venture capital funds can invest in while remaining exempt from registration. This makes it easier for these funds to support young, growing companies, potentially leading to new job creation and innovation in the economy. Citizens may indirectly benefit from the development of new technologies and services.
Key points
Venture capital funds can now invest in company shares acquired directly or through secondary markets.
Investing in other venture capital funds is now considered a qualifying investment.
The majority of a fund's investments must come directly from companies or from other venture capital funds.
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Expired
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Additional Information
Print number: 118_HR_2579
Sponsor: Rep. Barr, Andy [R-KY-6]
Process start date: 2023-04-13
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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 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2579.

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 2023-04-13.

What are the main provisions?

Key points include:

  • Venture capital funds can now invest in company shares acquired directly or through secondary markets.
  • Investing in other venture capital funds is now considered a qualifying investment.
  • The majority of a fund's investments must come directly from companies or from other venture capital funds.
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. Barr, Andy [R-KY-6].

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 2025-12-24.

CATEGORIES

Economy