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H.R. 4227: To require the Securities and Exchange Commission to revise the definition of a qualifying investment to include an equity security issued by a qualifying portfolio company, whether acquired directly from the company or in a secondary acquisition, for purposes of the exemption from registration for venture capital fund advisers under the Investment Advisers Act of 1940, and for other purposes.

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Sponsor and status

Trey Hollingsworth

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

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Last Updated: Jul 27, 2022
Length: 3 pages
Introduced
Jun 29, 2021
117th Congress (2021–2023)
Status

Passed House (Senate next) on Jul 26, 2022

This bill passed in the House on July 26, 2022 and goes to the Senate next for consideration.

Other activity may have occurred on another bill with identical or similar provisions.

Prognosis
22% chance of being enacted according to Skopos Labs (details)
Source

Position statements

What legislators are saying

the daily leader: tuesday, july 26, 2022
    — Rep. Steny Hoyer [D-MD5] on Jul 25, 2022

the weekly leader: friday, july 22, 2022
    — Rep. Steny Hoyer [D-MD5] on Jul 22, 2022

More statements at ProPublica Represent...

What stakeholders are saying

R Street Institute SpendingTracker.org estimates new spending due to H.R. 4227 will be negligible.

History

Jun 29, 2021
 
Introduced

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

Jul 22, 2022
 
Text Published

Updated bill text was published as of Preprint (Suspension).

Jul 26, 2022
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next. The vote was by voice vote so no record of individual votes was made.

If this bill has further action, the following steps may occur next:
 
Passed Senate

 
Signed by the President

H.R. 4227 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.

Bills numbers restart every two years. That means there are other bills with the number H.R. 4227. This is the one from the 117th Congress.

How to cite this information.

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“H.R. 4227 — 117th Congress: To require the Securities and Exchange Commission to revise the definition of a qualifying investment ….” www.GovTrack.us. 2021. September 26, 2022 <https://www.govtrack.us/congress/bills/117/hr4227>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.