Improving Capital Allocation for Newcomers Act of 2025
Latest action · Dec 2, 2025 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJul 16, 2025
- Passed HouseDec 1, 2025
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 1
Members who signed on, in the order they did. All signed on Jul 21, 2025.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CO | Brittany Pettersen | Jul 21, 2025 |
Actions 16
Everything that happened, newest first.
- Dec 2, 2025Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Dec 1, 2025Considered under suspension of the rules.
- Dec 1, 2025Considered under suspension of the rules. (consideration: CR H4950-4952)
- Dec 1, 2025DEBATE - The House proceeded with forty minutes of debate on H.R. 4431.
- Dec 1, 2025Motion to reconsider laid on the table Agreed to without objection.
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 4
Each version as it was printed, newest first.
- Dec 2, 2025Referred in Senate
- Dec 1, 2025Engrossed in House
- Sep 8, 2025Reported in House
- Jul 16, 2025Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.