119th Congress
H.R. 4431
Improving Capital Allocation for Newcomers Act of 2025
- Introduced
- In committee
- Passed House
- Passed Senate
- To President
- Became law
- Sponsor
- William R. Timmons IV(R-SC)
- Introduced
- Jul 16, 2025
- Policy area
- Finance and Financial Sector
- Committees
- House Committee on Financial Services; Senate Committee on Banking, Housing, and Urban Affairs
- Official text
- Referred in Senate · Congress.gov page
Cosponsors (1)
Added later (1)
- Brittany Pettersen (D-CO) · Jul 21, 2025
Summary
Summary by the Congressional Research Service· describes the “Introduced in House” version
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.
Roll-call votes
No recorded votes on this bill.
Actions
- Dec 2, 2025 · Senate
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. - Dec 1, 2025 · House
Motion to reconsider laid on the table Agreed to without objection. - Dec 1, 2025 · House
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4950-4951) - Dec 1, 2025 · House
DEBATE - The House proceeded with forty minutes of debate on H.R. 4431. - Dec 1, 2025 · House
Considered under suspension of the rules. (consideration: CR H4950-4952) - Dec 1, 2025 · House
Mr. Davidson moved to suspend the rules and pass the bill, as amended. - Sep 8, 2025 · House
Placed on the Union Calendar, Calendar No. 205. - Sep 8, 2025 · House
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-248. - Jul 22, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 2. - Jul 22, 2025
Committee Consideration and Mark-up Session Held - Jul 16, 2025 · House
Referred to the House Committee on Financial Services. - Jul 16, 2025
Introduced in House