H.R. 6177: Developing and Empowering our Aspiring Leaders Act of 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 certain investments by venture capital funds in emerging growth companies (in general, newly public companies with revenues below a specified threshold) from SEC registration requirements.
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