senateStanding
Banking, Housing, and Urban Affairs Committee
- Referred To
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H.R. 4431Passed House
Improving Capital Allocation for Newcomers 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.
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- 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
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.
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
Banking and financial institutions regulationBusiness investment and capitalBusiness recordsSecurities
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 H4950-4951)
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 H4950-4951)
FloorLibrary of CongressDEBATE - The House proceeded with forty minutes of debate on H.R. 4431.
FloorHouse floor actionsConsidered under suspension of the rules. (consideration: CR H4950-4952)
FloorHouse floor actionsMr. Davidson moved to suspend the rules and pass the bill, as amended.
FloorHouse floor actionsPlaced on the Union Calendar, Calendar No. 205.
CalendarsHouse floor actionsReported (Amended) by the Committee on Financial Services. H. Rept. 119-248.
CommitteeHouse floor actionsReported (Amended) by the Committee on Financial Services. H. Rept. 119-248.
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 actionsReferred to the House Committee on Financial Services.
IntroReferralHouse floor actionsIntroduced in House
IntroReferralLibrary of CongressIntroduced in House
IntroReferralLibrary of Congress
Roll-call votes
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