US HB8603 | 2019-2020 | 116th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on October 16 2020 - 25% progression
Action: 2020-10-16 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee

Summary

To require the Securities and Exchange Commission to revise the definition of a qualifying investment to include an equity security issued by a qualifying portfolio company, whether acquired directly from the company or in a secondary acquisition, for purposes of the exemption from registration for venture capital fund advisers under the Investment Advisers Act of 1940, and for other purposes.

Tracking Information

Register now for our free OneVote public service or GAITS Professional trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

To require the Securities and Exchange Commission to revise the definition of a qualifying investment to include an equity security issued by a qualifying portfolio company, whether acquired directly from the company or in a secondary acquisition, for purposes of the exemption from registration for venture capital fund advisers under the Investment Advisers Act of 1940, and for other purposes.

Sponsors


History

DateChamberAction
2020-10-16HouseReferred to the House Committee on Financial Services.
2020-10-16HouseIntroduced in House

US Congress State Sources


Bill Comments

feedback