Bill Tracker / 119th Congress / H.R. 4431
H.R. 4431 · 119th Congress
Improving Capital Allocation for Newcomers Act of 2025
Latest action: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. — 12/02/2025
What This Bill Does
Improving Capital Allocation for Newcomers Act of 2025
This bill expands qualification requirements for venture capital funds to include investment firms with more owners and capital contributions. Venture capital funds are exempt from certain regulations applicable to other investment firms, including those related to filings, audits, and restricted communications with investors. Currently, an investment firm qualifies as a venture capital fund if, among other requirements (1) the fund's securities are owned by 250 persons or less, and (2) the fund has $10 million or less in aggregate capital contributions and uncalled committed capital. The bill increases these amounts to 2,000 persons and $150 million, respectively.
Summary as of 07/16/2025, via Congress.gov / Congressional Research Service.