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More Capital for New Businesses: Venture Capital Fund 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 value limit, potentially leading to more investments in innovative companies. Citizens may indirectly benefit through economic growth and job creation.
Key points
Increase in the number of investors in venture capital funds from 250 to 2,000 people.
Raising the asset value limit for venture capital funds from $10 million to $150 million.
article Official text account_balance Process page
Expired
Citizen Poll
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Additional Information
Print number: 118_HR_2790
Sponsor: Rep. Timmons, William R. IV [R-SC-4]
Process start date: 2023-04-20
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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

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 118_HR_2790.

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 2023-04-20.

What are the main provisions?

Key points include:

  • Increase in the number of investors in venture capital funds from 250 to 2,000 people.
  • Raising the asset value limit for venture capital funds from $10 million to $150 million.
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 2025-12-25.

CATEGORIES

Economy Public Investments