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H.R. 4243: Improving Capital Allocation for Newcomers Act of 2021


The text of the bill below is as of Jun 29, 2021 (Introduced).


I

117th CONGRESS

1st Session

H. R. 4243

IN THE HOUSE OF REPRESENTATIVES

June 29, 2021

introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To amend the Investment Company Act of 1940 with respect to the definition of qualifying venture capital funds, and for other purposes.

1.

Short title

This Act may be cited as the Improving Capital Allocation for Newcomers Act of 2021.

2.

Qualifying venture capital funds

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), by striking 250 persons and inserting 600 persons; and

(2)

in subparagraph (C)(i), by striking $10,000,000 and inserting $150,000,000.