# 117-hr-4227: Developing and Empowering our Aspiring Leaders Act of 2022

117-hr-4227, Developing and Empowering our Aspiring Leaders Act of 2022, is a 117th Congress bill sponsored by Rep. Hollingsworth, Trey [R-IN-9] (R-IN); status Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-4227
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-4227
- Congress: 117
- Title: Developing and Empowering our Aspiring Leaders Act of 2022
- Status: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced: 2021-06-29
- Sponsor: Rep. Hollingsworth, Trey [R-IN-9] (R-IN)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Developing and Empowering our Aspiring Leaders Act of 2021 This bill directs the Securities and Exchange Commission to revise venture capital investment regulations. Venture capital funds are exempt from certain regulations applicable to other investment firms, including those related to filings, audits, and restricted communications with investors. Under current law, non-qualifying investments—which include secondary transactions and investments in other venture capital funds—may comprise up to 20% of a venture capital fund. The bill allows investments acquired through secondary transactions or investments in other venture capital funds to be considered as qualifying investments for venture capital funds. However, for a private fund to qualify as a venture capital fund, the fund's investments must predominately (1) be acquired directly, or (2) be investments in other venture capital funds.

## Related bills

- 117-hr-1448: PAWS for Veterans Therapy Act
- 117-hr-1193: Cardiovascular Advances in Research and Opportunities Legacy Act
- 117-hr-5142: To award posthumously a Congressional Gold Medal, in commemoration to the servicemembers who perished in Afghanistan on August 26, 2021, during the evacuation…
- 117-hr-6899: Russia and Belarus SDR Exchange Prohibition Act of 2022
- 117-hr-310: To posthumously award the Congressional Gold Medal, collectively, to Glen Doherty, Tyrone Woods, J. Christopher Stevens, and Sean Smith, in recognition of thei…
- 117-hr-8876: Jackie Walorski Maternal and Child Home Visiting Reauthorization Act of 2022

## Sources
- [117-hr-4227 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/4227)

## Related
- [117-hr-1448: PAWS for Veterans Therapy Act](https://policyrisk.com/legislation/117-hr-1448)
- [117-hr-1193: Cardiovascular Advances in Research and Opportunities Legacy Act](https://policyrisk.com/legislation/117-hr-1193)
- [117-hr-5142: To award posthumously a Congressional Gold Medal, in commemoration to the servi…](https://policyrisk.com/legislation/117-hr-5142)
- [117-hr-6899: Russia and Belarus SDR Exchange Prohibition Act of 2022](https://policyrisk.com/legislation/117-hr-6899)
- [117-hr-310: To posthumously award the Congressional Gold Medal, collectively, to Glen Doher…](https://policyrisk.com/legislation/117-hr-310)
- [117-hr-8876: Jackie Walorski Maternal and Child Home Visiting Reauthorization Act of 2022](https://policyrisk.com/legislation/117-hr-8876)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-4227 (as of 2025-11-18).