H.R. 4431

119th Congress

In Committee

Improving Capital Allocation for Newcomers Act of 2025

Sponsored byRepublican:Rep. Timmons, William R. [R-SC-4]SC· Introduced 16 July 2025
Open on Congress.gov

1

Cosponsors

15

Actions

0

Amendments

2

Committees

—

Since introduced

Introduced
Committee
Passed Chamber
Passed Both
Enacted
Step 1 of 0
Latest action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

2 December 2025·7 months ago

Summary

Introduced in House · Updated 26 November 2025

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.

Timeline

15 actions

  1. Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    2 December 2025 · IntroReferral

  2. Mr. Davidson moved to suspend the rules and pass the bill, as amended.

    1 December 2025 · Floor

  3. DEBATE - The House proceeded with forty minutes of debate on H.R. 4431.

    1 December 2025 · Floor

  4. Considered under suspension of the rules. (consideration: CR H4950-4952)

    1 December 2025 · Floor

  5. Passed/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)

    1 December 2025 · Floor

  6. On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4950-4951)

    1 December 2025 · Floor

  7. Motion to reconsider laid on the table Agreed to without objection.

    1 December 2025 · Floor

  8. Placed on the Union Calendar, Calendar No. 205.

    8 September 2025 · Calendars

  9. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-248.

    8 September 2025 · Committee

  10. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-248.

    8 September 2025 · Committee

  11. Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 2.

    22 July 2025 · Committee

  12. Committee Consideration and Mark-up Session Held

    22 July 2025 · Committee

  13. Referred to the House Committee on Financial Services.

    16 July 2025 · IntroReferral

  14. Introduced in House

    16 July 2025 · IntroReferral

  15. Introduced in House

    16 July 2025 · IntroReferral

Sponsorship

1 cosponsors

Sponsor

Republican:Rep. Timmons, William R. [R-SC-4]SC

Cosponsors

  • Democrat1100%

Classification

Policy area

Finance and Financial Sector

Legislative subjects

Banking and financial institutions regulationBusiness investment and capitalBusiness recordsSecurities

Committees

2

  • Financial Services Committee

    House · Standing

    • Referred To16 Jul 2025
    • Markup By22 Jul 2025
    • Reported By8 Sept 2025

  • Banking, Housing, and Urban Affairs Committee

    Senate · Standing

    • Referred To2 Dec 2025

Reports

Pelosi Tracker
Follow on XJoin our Discord
PoliticiansBillsPortfoliosPricingAboutLegalTerms of ServicePrivacy Policy
Français
© 2026 - All rights reserved. Powered by Vantara Labs
This website is an independent, third-party platform. It is not affiliated with, endorsed by, or in any way associated with Nancy Pelosi, her office, or her representatives. Any use of her name is solely for the purpose of discussing publicly available information.The information provided on this website is for informational and educational purposes only and is not intended to serve as, nor should it be construed as, financial or investment advice. The data presented here is sourced from publicly available filings and records. While we strive for accuracy, timeliness, and completeness, we do not guarantee that all information is error-free or current.