The public record · 119th Congress

Developing and Empowering our Aspiring Leaders Act of 2025

The Congressional Research Service has not published a summary of this measure.

Other titles

the names this measure carries besides the one at the top of this page, each with the record's own label for it. The collection includes titles given to parts of a bill as well as to the whole.

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.Official Title as Introduced

Developing and Empowering our Aspiring Leaders Act of 2025Short Title(s) as Introduced

Legislative history

S. 3351·Senate·Bill·Finance and Financial Sector

Sen. Mike Rounds(Republican-South Dakota)·

Dec 4, 2025

SenateRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Documents

Everything Congress printed about this measure. A bill is reprinted each time it changes, the Congressional Research Service summarizes each version, and the committee that reports a bill files its own written account of it.

Bill text

Dec 4, 2025As introduced in the Senate