H.R. 4431
119th Congress
Improving Capital Allocation for Newcomers Act of 2025
1
Cosponsors
15
Actions
0
Amendments
2
Committees
—
Since introduced
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2 décembre 2025·7 months ago
Summary
Introduced in House · Updated 26 novembre 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
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2 décembre 2025 · IntroReferral
Mr. Davidson moved to suspend the rules and pass the bill, as amended.
1 décembre 2025 · Floor
DEBATE - The House proceeded with forty minutes of debate on H.R. 4431.
1 décembre 2025 · Floor
Considered under suspension of the rules. (consideration: CR H4950-4952)
1 décembre 2025 · Floor
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 décembre 2025 · Floor
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4950-4951)
1 décembre 2025 · Floor
Motion to reconsider laid on the table Agreed to without objection.
1 décembre 2025 · Floor
Placed on the Union Calendar, Calendar No. 205.
8 septembre 2025 · Calendars
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-248.
8 septembre 2025 · Committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-248.
8 septembre 2025 · Committee
Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 2.
22 juillet 2025 · Committee
Committee Consideration and Mark-up Session Held
22 juillet 2025 · Committee
Referred to the House Committee on Financial Services.
16 juillet 2025 · IntroReferral
Introduced in House
16 juillet 2025 · IntroReferral
Introduced in House
16 juillet 2025 · IntroReferral
Sponsorship
1 cosponsors
Sponsor
Republican:Rep. Timmons, William R. [R-SC-4]SCCosponsors
- Democrat1100%
- Democrat:Rep. Pettersen, Brittany [D-CO-7]CO
Classification
Policy area
Finance and Financial SectorLegislative subjects
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
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