United States · Bill · HR
H.R. 8603 (116th)
Developing and Empowering our Aspiring Leaders Act of 2020
Introduced
16 October 2020
Last action
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Status
Referred to the House Committee on Financial Services.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
Summary
Developing and Empowering our Aspiring Leaders Act of 2020 This bill directs the Securities and Exchange Commission (SEC) to revise venture capital investment regulations. Specifically, the bill allows investments acquired through secondary transactions to be considered as qualifying investments for venture capital funds. However, for a private fund to qualify as a venture capital fund, the investments predominately must be acquired directly. Under current law, non-qualifying investments—which include secondary transactions—may comprise up to 20% of a venture capital fund.
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Votes
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 16 October 2020
Introduced in House (PDF)
Introduced in House · EN · 16 October 2020
Introduced in House
summary · EN · 16 October 2020
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/116th-congress/house-bill/8603
- Open data entity: https://api.congress.gov/v3/bill/116/hr/8603