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House Bill 2790
118th Congress(2023-2024)
Improving Capital Allocation for Newcomers Act of 2021
Introduced
Introduced
Introduced in House on Apr 20, 2023
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Introduced in House 
Apr 20, 2023
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Introduced in House(Apr 20, 2023)
Apr 20, 2023
No Linkage Found
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Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
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H. R. 2790 (Introduced-in-House)


118th CONGRESS
1st Session
H. R. 2790


To amend the Investment Company Act of 1940 with respect to the definition of qualifying venture capital funds, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

April 20, 2023

Mr. Timmons introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To amend the Investment Company Act of 1940 with respect to the definition of qualifying venture capital funds, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Improving Capital Allocation for Newcomers Act of 2021”.

SEC. 2. Qualifying venture capital funds.

Section 3(c)(1) of the Investment Company Act of 1940 (15 U.S.C. 80a–3(c)(1)) is amended—

(1) in the matter preceding subparagraph (A), by striking “250 persons” and inserting “2,000 persons”; and

(2) in subparagraph (C)(i), by striking “$10,000,000” and inserting “$150,000,000”.