# 119-s-2906: Expanding American Entrepreneurship Act

119-s-2906, Expanding American Entrepreneurship Act, is a 119th Congress bill sponsored by Sen. Moran, Jerry [R-KS] (R-KS); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-2906
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-2906
- Congress: 119
- Title: Expanding American Entrepreneurship Act
- Status: introduced
- Introduced: 2025-09-18
- Sponsor: Sen. Moran, Jerry [R-KS] (R-KS)
- Cosponsors: 3
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Expand private fund exemptions**. This bill would let more private investment pools avoid registration under the Investment Company Act by doubling the investor cap and raising the asset test. - Fund managers and private funds: Would let entities relying on Section 3(c)(1) accept up to 500 investors instead of 250 and hold up to $50 million instead of $10 million while still using the exemption. - Businesses seeking private capital: Broadens the exemption to larger pools and bigger asset bases, which could let more entities access private funds that rely on this rule. - Investors: More people could become holders in funds that use Section 3(c)(1), expanding who can participate in certain private offerings.

## Cosponsors (3)

- Sen. Warner, Mark R. [D-VA] (D-VA), 2025-09-18T00:00:00.000Z
- Sen. Scott, Tim [R-SC] (R-SC), 2025-09-18T00:00:00.000Z
- Sen. Gallego, Ruben [D-AZ] (D-AZ), 2025-09-18T00:00:00.000Z

## Provisions PRIA read

- Higher private fund exemption limits: benefit, low. If enacted, private funds with $50 million or less in assets and 500 or fewer holders would be eligible for the Section 3(c)(1) exemption from registration. The bill would raise the asset test from $10 million to $50 million and increase the holder limit from 250 to 500. Fund managers and prospecti…

## Related bills

- 119-s-4744: Take Care of America’s Veterans Act
- 119-s-3923: Weather Research and Forecasting Innovation Reauthorization Act of 2026
- 119-s-199: A bill to amend the Internal Revenue Code of 1986 to provide special rules for the taxation of certain residents of Taiwan with income from sources within the…
- 119-s-1404: Combating Organized Retail Crime Act
- 119-s-1532: A bill to amend the Internal Revenue Code of 1986 to modify the railroad track maintenance credit.
- 119-s-1032: Major Richard Star Act

## Sources
- [119-s-2906 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/2906)

## Related
- [119-s-4744: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-s-4744)
- [119-s-3923: Weather Research and Forecasting Innovation Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-3923)
- [119-s-199: A bill to amend the Internal Revenue Code of 1986 to provide special rules for…](https://policyrisk.com/legislation/119-s-199)
- [119-s-1404: Combating Organized Retail Crime Act](https://policyrisk.com/legislation/119-s-1404)
- [119-s-1532: A bill to amend the Internal Revenue Code of 1986 to modify the railroad track…](https://policyrisk.com/legislation/119-s-1532)
- [119-s-1032: Major Richard Star Act](https://policyrisk.com/legislation/119-s-1032)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-2906 (as of 2026-04-21).