Developing and Empowering our Aspiring Leaders Act of 2023

referredUnited States· United States Congress· EN

Introduced

13 April 2023

Last action

13 April 2023 · Introduced

Status

Referred to the House Committee on Financial Services.

Summary

Developing and Empowering our Aspiring Leaders Act of 2023 This bill directs the Securities and Exchange Commission to revise venture capital investment regulations. 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 law, 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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

13 April 2023
Introduced
Referred to the House Committee on Financial Services.
Source: IntroReferral
13 April 2023
Introduced
Introduced in House
Source: IntroReferral
13 April 2023
Introduced
Introduced in House
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in House · 13 April 2023 · Download file

Documents

3 official files

Introduced in House (text)

View file Download file

This file cannot be previewed here. Use View or Download.

Leesvertaling

Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

Vertaal naar

Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Introduced in House (text)
Introduced in House · EN · 13 April 2023
View Download Open at official source
Introduced in House (PDF)
Introduced in House · EN · 13 April 2023
View Download Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Introduced in House
summary · EN · 13 April 2023
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

related to ← Expanding Access to Capital Act of 2023

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/118th-congress/house-bill/2579
Open data entity: https://api.congress.gov/v3/bill/118/hr/2579
us · 118-hr-2579 · source updated 27 May 2025