United States · Bill · S
S. 3319 (118th)
Expanding American Entrepreneurship Act
Introduced
15 November 2023
Last action
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Status
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
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Subjects
Discovery layer
Source updated
14 January 2025
Summary
Expanding American Entrepreneurship Act 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 500 persons and $50 million, respectively.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 15 November 2023
Introduced in Senate (PDF)
Introduced in Senate · EN · 15 November 2023
Introduced in Senate
summary · EN · 15 November 2023
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Sources
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- Official source: https://www.congress.gov/bill/118th-congress/senate-bill/3319
- Open data entity: https://api.congress.gov/v3/bill/118/s/3319