Developing and Empowering our Aspiring Leaders Act of 2025
- Last Action
- 12/2/2025
Actions
- 2025-12-02Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2025-12-01Motion to reconsider laid on the table Agreed to without objection.
- 2025-12-01On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4949)
- 2025-12-01Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4949)
- 2025-12-01DEBATE - The House proceeded with forty minutes of debate on H.R. 4429.
- 2025-12-01Considered under suspension of the rules. (consideration: CR H4948-4950)
- 2025-12-01Mr. Davidson moved to suspend the rules and pass the bill, as amended.
- 2025-09-08Placed on the Union Calendar, Calendar No. 203.
- 2025-09-08Reported (Amended) by the Committee on Financial Services. H. Rept. 119-246.
- 2025-09-08Reported (Amended) by the Committee on Financial Services. H. Rept. 119-246.
- 2025-07-22Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 2.
- 2025-07-22Committee Consideration and Mark-up Session Held
- 2025-07-16Referred to the House Committee on Financial Services.
- 2025-07-16Introduced in House
- 2025-07-16Introduced in House
CRS Summary
As of 2025-07-16 (00)
Developing and Empowering our Aspiring Leaders Act of 2025
This bill directs the Securities and Exchange Commission to revise venture capital investment regulations to allow additional types of investments to be considered as qualifying investments. 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 regulations, 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.
Cosponsors (1)
- Sean Casten (D-IL)
Subjects
- Administrative law and regulatory procedures
- Financial services and investments
- Securities
- Securities and Exchange Commission (SEC)
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.