Back to H.R. 4431
Improving Capital Allocation for Newcomers Act of 2025 in plain language
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Written by AI from the complete official bill text and independently fact-checked against it. Not legal advice.
1: Short title
This section would allow the Act to be called the "Improving Capital Allocation for Newcomers Act of 2025."
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Official text, verbatim from the record
1. Short title This Act may be cited as the Improving Capital Allocation for Newcomers Act of 2025 .
2: Qualifying venture capital funds
This section would make two number-for-number edits to section 3(c)(1) of the Investment Company Act of 1940 (15 U.S.C. 80a-3(c)(1)), the provision that defines a qualifying venture capital fund: replacing "250 persons" with "2,000 persons" in the text before subparagraph (A), and replacing "$10,000,000" with "$150,000,000" in subparagraph (C)(i). Stating what these changed figures actually govern (who counts toward the person limit, and what the dollar figure caps) requires the current text of section 3(c)(1), which is not included in the bill text provided.
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Official text, verbatim from the record
2. Qualifying venture capital funds Section 3(c)(1) of the Investment Company Act of 1940 ( 15 U.S.C. 80a–3(c)(1) ) is amended— (1) in the matter preceding subparagraph (A), by striking 250 persons and inserting 2,000 persons ; and (2) in subparagraph (C)(i), by striking $10,000,000 and inserting $150,000,000 .
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