senateStanding
Banking, Housing, and Urban Affairs Committee
- Referred To
← Back to federal legislation0 ratings0 comments Official committee record ↗
H.R. 4429Passed House
Developing and Empowering our Aspiring Leaders Act of 2025
Introduced: Jul 16, 2025
Latest action date: Dec 2, 2025
Latest development
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Civixly approval
No ratings yet
Not enough ratings yet. Public approval appears at 5+ ratings.
Your view
- Congress
- 119th Congress
- Introduced
- Jul 16, 2025
- Recorded roll calls
- 0
Status detail: The full action history records passage in the House.
Plain-language overview
What this bill does
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.
Official summary from Congress.gov.
Civixly topics
What this legislation is about
Civixly topics make federal and state legislation comparable. They are derived from the official CRS policy area and legislative subjects.
Official CRS policy area
Finance and Financial Sector
View 4 official legislative subjects
Administrative law and regulatory proceduresFinancial services and investmentsSecuritiesSecurities and Exchange Commission (SEC)
Committee activity
Committees and subcommittees that received, reviewed, marked up, or reported this legislation.
Official committee record ↗
houseStanding
Financial Services Committee
- Referred To
- Markup By
- Reported By
Amendments
Proposed changes to this measure, with their latest official outcome or action from Congress.gov.
No amendments are listed for this measure.
Checked against Congress.gov Oct 11, 2026.
Action timeline
Newest action first. Action language comes from the official Congress.gov record.
View full action timeline15 actions
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
IntroReferralSenateMotion to reconsider laid on the table Agreed to without objection.
FloorHouse floor actionsOn motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4949)
FloorHouse floor actionsPassed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4949)
FloorLibrary of CongressDEBATE - The House proceeded with forty minutes of debate on H.R. 4429.
FloorHouse floor actionsConsidered under suspension of the rules. (consideration: CR H4948-4950)
FloorHouse floor actionsMr. Davidson moved to suspend the rules and pass the bill, as amended.
FloorHouse floor actionsPlaced on the Union Calendar, Calendar No. 203.
CalendarsHouse floor actionsReported (Amended) by the Committee on Financial Services. H. Rept. 119-246.
CommitteeHouse floor actionsReported (Amended) by the Committee on Financial Services. H. Rept. 119-246.
CommitteeLibrary of CongressOrdered to be Reported (Amended) by the Yeas and Nays: 50 - 2.
CommitteeHouse committee actionsCommittee Consideration and Mark-up Session Held
CommitteeHouse committee actionsIntroduced in House
IntroReferralLibrary of CongressReferred to the House Committee on Financial Services.
IntroReferralHouse floor actionsIntroduced in House
IntroReferralLibrary of Congress
Roll-call votes
Recorded House and Senate votes connected to this bill. Your representatives appear first when available.
No connected roll-call votes are currently available for this bill.
Discussion
0 comments across 0 threads
Sign in to join the discussion.Comments are publicly visible.
Loading comments...