A bill to require the Securities and Exchange Commission to revise the definitions of a qualifying portfolio company and a qualifying investment to include an emerging growth company and the equity securities of an emerging growth company, respectively, for purposes of the exemption from registration for venture capital fund advisers under the Investment Advisers Act of 1940.
USA115th CongressS-3576| Senate
| Updated: 10/11/2018
Mike Rounds
Republican Senator
South Dakota
Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Developing and Empowering our Aspiring Leaders Act of 2018 This bill directs the Securities and Exchange Commission (SEC) to exempt certain investments by venture capital funds from SEC registration requirements; specifically, the bill exempts investments in equity securities acquired in a secondary acquisition.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
Banking and financial institutions regulationBusiness investment and capitalFinancial services and investmentsLicensing and registrationsSecuritiesSecurities and Exchange Commission (SEC)
A bill to require the Securities and Exchange Commission to revise the definitions of a qualifying portfolio company and a qualifying investment to include an emerging growth company and the equity securities of an emerging growth company, respectively, for purposes of the exemption from registration for venture capital fund advisers under the Investment Advisers Act of 1940.
USA115th CongressS-3576| Senate
| Updated: 10/11/2018
Developing and Empowering our Aspiring Leaders Act of 2018 This bill directs the Securities and Exchange Commission (SEC) to exempt certain investments by venture capital funds from SEC registration requirements; specifically, the bill exempts investments in equity securities acquired in a secondary acquisition.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mike Rounds
Republican Senator
South Dakota
Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Banking and financial institutions regulationBusiness investment and capitalFinancial services and investmentsLicensing and registrationsSecuritiesSecurities and Exchange Commission (SEC)