HR 4431 119th Congress

Improving Capital Allocation for Newcomers Act of 2025

Latest Action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Congress.gov

Sponsors

Rep. Timmons, William R. [R-SC-4]

Rep. Timmons, William R. [R-SC-4]

R — SC

Summary

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.

Actions

2025-12-02T00:00:00

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

2025-12-01T00:00:00

Motion to reconsider laid on the table Agreed to without objection.

2025-12-01T00:00:00

On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4950-4951)

2025-12-01T00:00:00

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4950-4951)

2025-12-01T00:00:00

DEBATE - The House proceeded with forty minutes of debate on H.R. 4431.

2025-12-01T00:00:00

Considered under suspension of the rules. (consideration: CR H4950-4952)

2025-12-01T00:00:00

Mr. Davidson moved to suspend the rules and pass the bill, as amended.

2025-09-08T00:00:00

Placed on the Union Calendar, Calendar No. 205.

2025-09-08T00:00:00

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-248.

2025-09-08T00:00:00

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-248.

2025-07-22T00:00:00

Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 2.

2025-07-22T00:00:00

Committee Consideration and Mark-up Session Held

2025-07-16T00:00:00

Referred to the House Committee on Financial Services.

2025-07-16T00:00:00

Introduced in House

2025-07-16T00:00:00

Introduced in House

Policy Areas

Finance and Financial Sector

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