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H.R. 4431 House Finance and Financial Sector

Improving Capital Allocation for Newcomers Act of 2025

Introduced
Jul 16, 2025
Sponsor
Rep. Timmons, William R. (R-SC-4)
View on Congress.gov

STAGE 4 OF 8 — HOUSE FLOOR

Currently in the House. Last action: received in the senate and read twice and referred to the committee on banking, housing, and urban affairs on Dec 2, 2025.

  1. House Introduced in House Jul 16, 2025
  2. House Referred to the House Committee on Financial Services. Jul 16, 2025
  3. House Committee Consideration and Mark-up Session Held Jul 22, 2025
  4. House Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 2. Jul 22, 2025
  5. House Reported (Amended) by the Committee on Financial Services. H. Rept. 119-248. Sep 8, 2025
  6. House Placed on the Union Calendar, Calendar No. 205. Sep 8, 2025
  7. House Mr. Davidson moved to suspend the rules and pass the bill, as amended. Dec 1, 2025
  8. House Considered under suspension of the rules. (consideration: CR H4950-4952) Dec 1, 2025
  9. House DEBATE - The House proceeded with forty minutes of debate on H.R. 4431. Dec 1, 2025
  10. House Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4950-4951) Dec 1, 2025
  11. House On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4950-4951) Dec 1, 2025
  12. House Motion to reconsider laid on the table Agreed to without objection. Dec 1, 2025
  13. Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Dec 2, 2025

Cosponsors

1

Subjects

Banking and financial institutions regulationBusiness investment and capitalBusiness recordsSecurities

Committees

  • Banking, Housing, and Urban Affairs Committee
    • Referred To , Dec 2, 2025
  • Financial Services Committee
    • Reported By , Sep 8, 2025
    • Markup By , Jul 22, 2025
    • Referred To , Jul 16, 2025

Summary

Improving Capital Allocation for Newcomers Act of 2025

This bill expands qualification requirements for venture capital funds to include investment firms with more owners and capital contributions. Venture capital funds are exempt from certain regulations applicable to other investment firms, including those related to filings, audits, and restricted communications with investors. Currently, an investment firm qualifies as a venture capital fund if, among other requirements (1) the fund's securities are owned by 250 persons or less, and (2) the fund has $10 million or less in aggregate capital contributions and uncalled committed capital. The bill increases these amounts to 2,000 persons and $150 million, respectively.

Summary as of: Introduced in House

Bill Text

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