Improving Capital Allocation for Newcomers Act of 2025
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Topic: Finance and Financial Sector
Sponsor: Rep. Timmons, William R. [R-SC-4] (R) - SC
Summary
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.
Legislative Subjects
Banking and financial institutions regulation; Business investment and capital; Business records; Finance and Financial Sector; Securities
Latest Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2025-12-02
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