United States · Bill · S
S. 3976 (117th)
Expanding American Entrepreneurship Act
Introduced
31 March 2022
Last action
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Status
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-621.
Sponsors
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Subjects
Discovery layer
Source updated
27 May 2026
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 · EN · 31 March 2022
Introduced in Senate (PDF)
Introduced in Senate · EN · 31 March 2022
Introduced in Senate
summary · EN · 31 March 2022
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Sources
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- Official source: https://www.congress.gov/bill/117th-congress/senate-bill/3976
- Open data entity: https://api.congress.gov/v3/bill/117/s/3976