A bill to require the Securities and Exchange Commission to revise the definition of a qualifying investment, for purposes of the exemption from registration for venture capital fund advisers under the Investment Advisers Act of 1940, to include an equity security issued by a qualifying portfolio company and to include an investment in another venture capital fund, and for other purposes.
No official summary available for this bill.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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