Politiparty
Politiparty

118th Congress Finance and Financial Sector

S. 3319: Expanding American Entrepreneurship Act

Introduced

  1. Introduced (completed)Nov 15, 2023
  2. Passed Senate (not reached)
  3. Passed House (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in Senate, Nov 15, 2023

This bill revises qualification requirements for venture capital funds. 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 500 persons and $50 million, respectively.

Written by the Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

2

Bipartisan support.

Who scored on this bill

6 points earned
  1. 1Jerry Moran R-KS SponsorDrew cross-party cosponsors, introduced2 events+6
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Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by Jerry Moran

History

  1. Nov 15, 2023Introduced in the Senate by Jerry Moran.
Show the full action history (2 actions)
  1. Nov 15, 2023Introduced in Senate
  2. Nov 15, 2023Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.