United States · Bill · HR
H.R. 2790 (118th)
Improving Capital Allocation for Newcomers Act of 2021
Introduced
20 April 2023
Last action
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Status
Referred to the House Committee on Financial Services.
Sponsors
—
Subjects
Discovery layer
Source updated
27 May 2025
Summary
Improving Capital Allocation for Newcomers Act of 2021 [ sic ] 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 2000 persons and $150 million, respectively.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 20 April 2023
Introduced in House (PDF)
Introduced in House · EN · 20 April 2023
Introduced in House
summary · EN · 20 April 2023
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/118th-congress/house-bill/2790
- Open data entity: https://api.congress.gov/v3/bill/118/hr/2790