OFFICIAL LEGAL TITLE
Developing and Empowering our Aspiring Leaders Act of 2025
FREQUENTLY ASKED QUESTIONS
What is the official ID of this bill?
The official print number for this legislation is 119_S_3351.
Which chamber initiated this legislation?
This legislation was initiated in the Senate.
What are the main provisions?
Key points include:
- Expanding the definition of a qualifying investment for venture capital funds to include equity securities from companies and investments in other venture capital funds.
- Introducing a limit that a venture capital fund can hold a maximum of 49% of its assets in other venture capital funds or secondary acquisitions.
- The changes aim to increase investment flexibility for funds, potentially supporting the growth of innovative companies and the economy.
What is the specific legal status?
The current status is Introduced.
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 2025-12-31.