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H.R. 4429: Developing and Empowering our Aspiring Leaders Act of 2025
119th Congress · introduced 2025-07-16 · Finance and Financial Sector · Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
federal
Official title
Developing and Empowering our Aspiring Leaders Act of 2025
Plain summary
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.
Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.
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Official text
Developing and Empowering our Aspiring Leaders Act of 2025
Source: Congressional Research Service summary (Introduced in House)
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Officials and money
Sponsor: Rep. Wagner, Ann [R-MO-2] · 1 cosponsors
Money: CBO cost estimate: H.R. 4429, Developing and Empowering our Aspiring Leaders Act of 2025 (2026-01-13) No linked contracts or vendors yet.
Words on this page, explained (3)
- Bill
- A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
- Exemption
- A rule that removes certain people, property or activities from a tax or requirement.
- Securities
- Financial investments that can be bought and sold, such as stocks and bonds.
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Introduced in House)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119hr4429.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/hr>
Record fed-us-cong119-hr4429 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills