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.
Developing and Empowering our Aspiring Leaders Act
This bill directs the Securities and Exchange Commission (SEC) to exempt certain investments by venture capital funds in emerging growth companies (in general, newly public companies with revenues below a specified threshold) from SEC registration requirements.
Message on House action received in Senate and at desk: House amendments to Senate bill.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by Voice Vote.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-889.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-889.
Placed on the Union Calendar, Calendar No. 687.
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