HR 4431 · 119th Congress · HouseIn committee

Improving Capital Allocation for Newcomers Act of 2025

In plain language: Improving Capital Allocation for Newcomers Act of 2025 This bill expands qualification requirements for venture capital funds to include investment firms with more owners and capital contributions. 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 2,000 persons and $150 million, respectively.

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Timeline

How it moved.

Dec 2, 2025Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 1, 2025Motion to reconsider laid on the table Agreed to without objection.
Dec 1, 2025On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4950-4951)
Dec 1, 2025Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4950-4951)
Sep 8, 2025Reported (Amended) by the Committee on Financial Services. H. Rept. 119-248.
Sep 8, 2025Reported (Amended) by the Committee on Financial Services. H. Rept. 119-248.
Jul 22, 2025Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 2.
Jul 16, 2025Introduced in House
Jul 16, 2025Introduced in House

Sources & provenance

Congress.govrefreshed 23 days ago

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