H.R.8603 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.
Sponsored by Trey Hollingsworth (R). Introduced on 2020-10-16 in the House Financial Services Committee. The last major action was Referred to the House Committee on Financial Services which took place on 2020-10-16.
The full legislation document not yet available.
This legislation was co-sponsored by Ben McAdams (D).
10/16/2020 - Referred to the House Committee on Financial Services.