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.
The bill’s titles are written by its sponsor.
Sponsor and status
Mike Rounds
Sponsor. Junior Senator for South Dakota. Republican.
117th Congress (2021–2023)
This bill was introduced on March 24, 2022, in a previous session of Congress, but it did not receive a vote.
Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).
History
Oct 11, 2018
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Earlier Version —
Introduced
This activity took place on a related bill, S. 3576 (115th). |
Mar 24, 2022
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Introduced
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber. |
Apr 5, 2022
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Considered by Senate Committee on Banking, Housing, and Urban Affairs
A committee held a hearing or business meeting about the bill.
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S. 3914 (117th) was 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 S. 3914. This is the one from the 117th Congress.
This bill was introduced in the 117th Congress, which met from Jan 3, 2021 to Jan 3, 2023. Legislation not passed by the end of a Congress is cleared from the books.
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“S. 3914 — 117th Congress: Developing and Empowering our Aspiring Leaders Act of 2022.” www.GovTrack.us. 2022. September 25, 2023 <https://www.govtrack.us/congress/bills/117/s3914>
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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.