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Senate Bill 3319
118th Congress(2023-2024)
Expanding American Entrepreneurship Act
Introduced
Introduced
Introduced in Senate on Nov 15, 2023
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Introduced in Senate 
Nov 15, 2023
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Introduced in Senate(Nov 15, 2023)
Nov 15, 2023
No Linkage Found
About Linkage
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.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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S. 3319 (Introduced-in-Senate)


118th CONGRESS
1st Session
S. 3319


To amend the Investment Company Act of 1940 to address entities that are not considered to be investment companies for the purposes of that Act, and for other purposes.

IN THE SENATE OF THE UNITED STATES

November 15, 2023

Mr. Moran (for himself, Mr. Warner, and Mr. Scott of South Carolina) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

A BILL

To amend the Investment Company Act of 1940 to address entities that are not considered to be investment companies for the purposes of that Act, 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 “Expanding American Entrepreneurship Act”.

SEC. 2. Investment companies.

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), in the first sentence, by striking “250 persons” and inserting “500 persons”; and

(2) in subparagraph (C)(i), by striking “$10,000,000” and inserting “$50,000,000”.