Sponsors (2)
This bill tells the Securities and Exchange Commission (SEC) to update its rules so that more types of investments count for venture capital funds that use the SEC’s registration exemption. It would count two things: shares in a qualifying startup company and investments in another venture capital fund. The SEC must make these changes within 180 days after the bill becomes law. The bill’s short title is the Developing and Empowering our Aspiring Leaders Act of 2025.
Key points:
Last progress December 2, 2025 (3 weeks ago)
Introduced on July 16, 2025 by Ann Wagner
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4949)
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.