Developing and Empowering our Aspiring Leaders Act of 2022

Summary

Developing and Empowering our Aspiring Leaders Act of 2022 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.

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3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 24 March 2022

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 24 March 2022

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• Introduced in Senate

  summary · EN · 24 March 2022

  Open at official source

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