0
0
0
Expanding American Entrepreneurship Act
12/29/2022, 10:48 PM
Congressional Summary of S 3976
Expanding American Entrepreneurship Act
This bill revises qualification requirements for venture capital funds. Venture capital funds are exempt from certain regulations applicable to other investment firms, including those related to filings, audits, and restricted communications with investors. Currently, an investment firm qualifies as a venture capital fund if, among other requirements (1) the fund's securities are owned by 250 persons or less, and (2) the fund has $10 million or less in aggregate capital contributions and uncalled committed capital. The bill increases these amounts to 500 persons and $50 million, respectively.
Read the Full Bill
Current Status of Bill S 3976
Bill S 3976 is currently in the status of Bill Introduced since March 31, 2022. Bill S 3976 was introduced during Congress 117 and was introduced to the Senate on March 31, 2022. Bill S 3976's most recent activity was Committee on Banking, Housing, and Urban Affairs. Hearings held. as of April 5, 2022
Bipartisan Support of Bill S 3976
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
0Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 3976
Primary Policy Focus
Finance and Financial SectorPotential Impact Areas
- Banking and financial institutions regulation
- Business investment and capital
- Business records
- Securities
Alternate Title(s) of Bill S 3976
Expanding American Entrepreneurship Act
Expanding American Entrepreneurship Act
A bill 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.
Comments
Sponsors and Cosponsors of S 3976
Latest Bills
To phaseout production of nonessential uses of perfluoroalkyl or polyfluoroalkyl substances, to prohibit releases of all perfluoroalkyl or polyfluoroalkyl substances, and for other purposes.
Bill HR 8016April 11, 2026
To allow certain students, including those who have a student aid index equal to or less than zero, to qualify for supplemental nutrition assistance program benefits under the Food and Nutrition Act of 2008.
Bill HR 8246April 11, 2026
To amend the Internal Revenue Code of 1986 to apply the floor plan financing interest rules to semi-trailers.
Bill HR 7944April 11, 2026
ALERT Act
Bill HR 7613April 11, 2026
Quantum Instrumentation for Science and Engineering Act
Bill HR 8237April 11, 2026
American Homes First Act
Bill S 4240April 11, 2026
NO TOD Act
Bill HR 8230April 11, 2026
Save Struggling Hospitals Act
Bill S 4233April 11, 2026
HOPE with Fertility Services Act
Bill HR 8119April 11, 2026
Books Save Lives Act
Bill HR 8235April 11, 2026