Bill Detail
H.R. 4429
Congress: 119
Title
Developing and Empowering our Aspiring Leaders Act of 2025
Summary
Developing and Empowering our Aspiring Leaders Act of 2025 This bill directs the Securities and Exchange Commission to revise venture capital investment regulations to allow additional types of investments to be considered as qualifying investments. 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 regulations, 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.
Sponsor
Rep. Ann Wagner [R-MO-2]
Status
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Status as of Aug 5, 7:52 PM · synced 8d ago
Introduced
2025-07-16
Data source mode: congress-gov
Bill Engagement
Developing and Empowering our Aspiring Leaders Act of 2025 This bill directs the Securities and Exchange Commission to revise venture capital investment regulations to allow add…
Lobbyists on the case
- Chamber of Commerce of the U.S.A.3 filings · 41 lobs
- Neil Bradley2026 Q1
- Suzanne Clark2026 Q1
Prepared intelligence brief
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