Developing and Empowering our Aspiring Leaders Act of 2022
Bill journey · stage 1 of 5
Just introduced
What it doesSummary introduced in senate (Mar 24, 2022)
Developing and Empowering our Aspiring Leaders Act of 2022
This bill directs the Securities and Exchange Commission to revise venture capital investment regulations. Venture capital funds are exempt from certain regulations applicable to other investment firms, including those related to filings, audits, and restricted communications with investors. Under current law, non-qualifying investments—which include secondary transactions and investments in other venture capital funds—may comprise up to 20% of a venture capital fund.
The bill allows investments acquired through secondary transactions or investments in other venture capital funds to be considered as qualifying investments for venture capital funds. However, for a private fund to qualify as a venture capital fund, the fund's investments must predominately (1) be acquired directly, or (2) be investments in other venture capital funds.
What just happenedApr 5, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Who’s behind it
- Introduced in SenateMar 24, 2022
- Apr 5, 2022Committee
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Banking, Housing, and Urban Affairs Committee - Mar 24, 2022IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Mar 24, 2022IntroReferral10000
Introduced in Senate