Expanding American Entrepreneurship Act

This bill changes a federal securities law, the Investment Company Act of 1940, that sets which investment funds can skip registering as investment companies. Under current law, a smaller venture capital fund can be exempt if it has no more than 250 investors. The bill would raise that limit to 500 investors. It would also raise the size cap for such a fund, based on the money investors have put in or promised, from $10 million to $50 million.

Full text and official record on Congress.gov

Sponsors

• Jerry Moran Republican sponsor
• 3 cosponsors