United States · Bill · HR
H.R. 4431 (119th)
Improving Capital Allocation for Newcomers Act of 2025
Introduced
16 July 2025
Last action
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Status
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
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Subjects
Discovery layer
Source updated
18 July 2026
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.
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Votes
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Versions
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Documents
5 official files
Referred in Senate
Referred in Senate
Referred in Senate · EN · 2 December 2025
Engrossed in House
Engrossed in House · EN · 1 December 2025
Reported in House
Reported in House · EN · 8 September 2025
Introduced in House
Introduced in House · EN · 16 July 2025
Introduced in House
summary · EN · 16 July 2025
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/119th-congress/house-bill/4431
- Open data entity: https://api.congress.gov/v3/bill/119/hr/4431