H.R. 6177: Developing and Empowering our Aspiring Leaders Act of 2018

CBO Score

$1 million

Date of Report

Tue July 17th, 2018

CBO Report Details

Legislation Details

115th Congress

To require the Securities and Exchange Commission to revise the definitions of a qualifying portfolio company and a qualifying investment to include an emerging growth company and the equity securities of an emerging growth company, respectively, for purposes of the exemption from registration for venture capital fund advisers under the Investment Advisers Act of 1940.

Sponsor: Rep. Joseph Hollingsworth — R — IN

This bill directs the Securities and Exchange Commission (SEC) to exempt certainĀ investments by venture capital funds inĀ emerging growth companies (in general, newly public companies with revenues below a specified threshold) from SEC registration requirements.

View the full vote history of this bill on GovTrack.us.

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