September 18 (legislative day, September 16), 2025
Mr. Moran (for himself, Mr. Warner, Mr. Scott of South Carolina, and Mr. Gallego) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
To amend the Investment Company Act of 1940 to address entities that are not considered to be investment companies for the purposes of that Act, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
Section 1. Short title
This Act may be cited as the Expanding American Entrepreneurship Act
.
Sec. 2. Investment companies
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), in the first sentence, by striking 250 persons
and inserting 500 persons
; and
(2)
in subparagraph (C)(i), by striking $10,000,000
and inserting $50,000,000
.