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H.R. 6177: Developing and Empowering our Aspiring Leaders Act of 2018

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To require the Securities and Exchange Commission to revise the definitions of a qualifying portfolio company and a qualifying investment to include an emerging growth company and the equity securities of an emerging growth company, respectively, for purposes of the exemption from registration for venture capital fund advisers under the Investment Advisers Act of 1940.

The bill’s titles are written by its sponsor.

Sponsor and status

Trey Hollingsworth

Sponsor. Representative for Indiana's 9th congressional district. Republican.

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Last Updated: Aug 3, 2018
Length: 6 pages
Introduced:

Jun 21, 2018

Status:

Ordered Reported on Jul 11, 2018

The committees assigned to this bill sent it to the House or Senate as a whole for consideration on July 11, 2018.

Prognosis:

18% chance of being enacted according to Skopos Labs (details)

History

Jun 21, 2018
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Jul 11, 2018
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Aug 3, 2018
 
Reported by House Committee on Financial Services

A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions.

Pending
 
Passed House (Senate next)

Pending
 
Passed Senate

Pending
 
Signed by the President

H.R. 6177 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

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“H.R. 6177 — 115th Congress: Developing and Empowering our Aspiring Leaders Act of 2018.” www.GovTrack.us. 2018. September 24, 2018 <https://www.govtrack.us/congress/bills/115/hr6177?utm_campaign=govtrack_feed&utm_source=govtrack/feed&utm_medium=rss>

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