Federal RuleAug 21
62
DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
116-hr-8603116th Congress
Developing and Empowering our Aspiring Leaders Act of 2020
Sponsored By: Representative Hollingsworth, Trey [R-IN-9]
Unknown
Summary
Developing and Empowering our Aspiring Leaders Act of 2020 This bill directs the Securities and Exchange Commission (SEC) to revise venture capital investment regulations. Specifically, the bill allows investments acquired through secondary transactions to be considered as qualifying investments for venture capital funds. However, for a private fund to qualify as a venture capital fund, the investments predominately must be acquired directly. Under current law, non-qualifying investments—which include secondary transactions—may comprise up to 20% of a venture capital fund.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Hollingsworth, Trey [R-IN-9]
IN • R
Cosponsors
Rep. McAdams, Ben [D-UT-4]
UT • D
Sponsored 10/16/2020
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov