United States 118th Congress Status: In Committee 1 R cosponsors

HR 2790 — Improving Capital Allocation for Newcomers Act of 2021

Last action — Referred to the House Committee on Financial Services.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 118th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.

Summary

To amend the Investment Company Act of 1940 with respect to the definition of qualifying venture capital funds, and for other purposes.

Bill Text

How this bill changes current law

2 changes Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill increases the threshold for qualifying venture capital funds by raising the limits on the number of persons and total capital.

  • 15 U.S.C. 80a-3(c)(1)

    250 persons → 2,000 persons

    This change allows more persons to be shareholders in a qualifying venture capital fund.

  • 15 U.S.C. 80a-3(c)(1)

    $10,000,000 → $150,000,000

    This change raises the maximum amount of capital that a qualifying venture capital fund can hold.

Action History

  1. Introduced in House

  2. Introduced in House

  3. Referred to the House Committee on Financial Services.

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

Show all 546 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HR 2790 do?
To amend the Investment Company Act of 1940 with respect to the definition of qualifying venture capital funds, and for other purposes.
Who sponsors HR 2790?
HR 2790 is sponsored by Timmons, William R. (Republican).
What is the current status of HR 2790?
This bill died with 118th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 2790?
Track HR 2790 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on HR 2790

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of HR 2790

Last checked for changes 2 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →