| 1 | 1 | | II |
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| 2 | 2 | | 118THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION S. 3319 |
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| 5 | 5 | | To amend the Investment Company Act of 1940 to address entities that |
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| 6 | 6 | | are not considered to be investment companies for the purposes of |
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| 7 | 7 | | that Act, and for other purposes. |
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| 8 | 8 | | IN THE SENATE OF THE UNITED STATES |
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| 9 | 9 | | NOVEMBER15, 2023 |
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| 10 | 10 | | Mr. M |
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| 11 | 11 | | ORAN(for himself, Mr. WARNER, and Mr. SCOTTof South Carolina) |
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| 12 | 12 | | introduced the following bill; which was read twice and referred to the |
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| 13 | 13 | | Committee on Banking, Housing, and Urban Affairs |
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| 14 | 14 | | A BILL |
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| 15 | 15 | | To amend the Investment Company Act of 1940 to address |
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| 16 | 16 | | entities that are not considered to be investment compa- |
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| 17 | 17 | | nies for the purposes of that Act, and for other purposes. |
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| 18 | 18 | | Be it enacted by the Senate and House of Representa-1 |
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| 19 | 19 | | tives of the United States of America in Congress assembled, 2 |
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| 20 | 20 | | SECTION 1. SHORT TITLE. 3 |
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| 21 | 21 | | This Act may be cited as the ‘‘Expanding American 4 |
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| 22 | 22 | | Entrepreneurship Act’’. 5 |
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| 23 | 23 | | SEC. 2. INVESTMENT COMPANIES. 6 |
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| 24 | 24 | | Section 3(c)(1) of the Investment Company Act of 7 |
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| 25 | 25 | | 1940 (15 U.S.C. 80a–3(c)(1)) is amended— 8 |
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| 26 | 26 | | VerDate Sep 11 2014 20:08 Nov 21, 2023 Jkt 049200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S3319.IS S3319 |
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| 27 | 27 | | ssavage on DSKBC07HB2PROD with BILLS 2 |
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| 28 | 28 | | •S 3319 IS |
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| 29 | 29 | | (1) in the matter preceding subparagraph (A), 1 |
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| 30 | 30 | | in the first sentence, by striking ‘‘250 persons’’ and 2 |
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| 31 | 31 | | inserting ‘‘500 persons’’; and 3 |
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| 32 | 32 | | (2) in subparagraph (C)(i), by striking 4 |
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| 33 | 33 | | ‘‘$10,000,000’’ and inserting ‘‘$50,000,000’’. 5 |
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| 34 | 34 | | Æ |
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| 35 | 35 | | VerDate Sep 11 2014 20:08 Nov 21, 2023 Jkt 049200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\S3319.IS S3319 |
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| 36 | 36 | | ssavage on DSKBC07HB2PROD with BILLS |
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