I
119th CONGRESS
1st Session
H. R. 4431
IN THE HOUSE OF REPRESENTATIVES
July 16, 2025
Mr. Timmons introduced the following bill; which was referred to the Committee on Financial Services
A BILL
To amend the Investment Company Act of 1940 with respect to the definition of qualifying venture capital funds, and for other purposes.
Section 1. Short title
This Act may be cited as the Improving Capital Allocation for Newcomers Act of 2025
.
Sec. 2. Qualifying venture capital funds
Section 3(c)(1) of the Investment Company Act of 1940 (15 U.S.C. 80a–3(c)(1)) is amended—
(1)
in the matter preceding subparagraph (A), by striking 250 persons
and inserting 2,000 persons
; and
(2)
in subparagraph (C)(i), by striking $10,000,000
and inserting $150,000,000
.