| 1 | 1 | | I |
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| 2 | 2 | | 118THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION H. R. 2790 |
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| 5 | 5 | | To amend the Investment Company Act of 1940 with respect to the definition |
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| 6 | 6 | | of qualifying venture capital funds, and for other purposes. |
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| 7 | 7 | | IN THE HOUSE OF REPRESENTATIVES |
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| 8 | 8 | | APRIL20, 2023 |
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| 9 | 9 | | Mr. T |
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| 10 | 10 | | IMMONSintroduced the following bill; which was referred to the |
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| 11 | 11 | | Committee on Financial Services |
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| 12 | 12 | | A BILL |
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| 13 | 13 | | To amend the Investment Company Act of 1940 with respect |
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| 14 | 14 | | to the definition of qualifying venture capital funds, and |
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| 15 | 15 | | for other purposes. |
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| 16 | 16 | | Be it enacted by the Senate and House of Representa-1 |
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| 17 | 17 | | tives of the United States of America in Congress assembled, 2 |
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| 18 | 18 | | SECTION 1. SHORT TITLE. 3 |
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| 19 | 19 | | This Act may be cited as the ‘‘Improving Capital Al-4 |
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| 20 | 20 | | location for Newcomers Act of 2021’’. 5 |
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| 21 | 21 | | SEC. 2. QUALIFYING VENTURE CAPITAL FUNDS. 6 |
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| 22 | 22 | | Section 3(c)(1) of the Investment Company Act of 7 |
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| 23 | 23 | | 1940 (15 U.S.C. 80a–3(c)(1)) is amended— 8 |
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| 24 | 24 | | VerDate Sep 11 2014 03:28 Apr 27, 2023 Jkt 039200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H2790.IH H2790 |
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| 25 | 25 | | kjohnson on DSK79L0C42PROD with BILLS 2 |
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| 26 | 26 | | •HR 2790 IH |
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| 27 | 27 | | (1) in the matter preceding subparagraph (A), 1 |
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| 28 | 28 | | by striking ‘‘250 persons’’ and inserting ‘‘2,000 per-2 |
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| 29 | 29 | | sons’’; and 3 |
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| 30 | 30 | | (2) in subparagraph (C)(i), by striking 4 |
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| 31 | 31 | | ‘‘$10,000,000’’ and inserting ‘‘$150,000,000’’. 5 |
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| 32 | 32 | | Æ |
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| 33 | 33 | | VerDate Sep 11 2014 03:28 Apr 27, 2023 Jkt 039200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H2790.IH H2790 |
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| 34 | 34 | | kjohnson on DSK79L0C42PROD with BILLS |
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