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Improving Capital Allocation for Newcomers Act of 2025 (H.R. 4431)

Referred to Committee
Introduced 7/16/2025•119th Congress•House
Congress.gov

Latest Action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

12/2/2025 • Senate

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.

Introduced in House • 7/16/2025

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Topics & Subjects

Policy Area: Finance and Financial Sector
Banking and financial institutions regulationBusiness investment and capitalBusiness recordsSecurities

Congressional Votes (0)

No recorded votes yet

Roll call votes will appear here as the bill moves through Congress

Related Federal Spending

Sponsor & Cosponsors (2)

Party Breakdown

1
Democrats
1
Republicans
0
Independents

Sponsor

R[
Rep. Timmons, William R. [R-SC-4]

Republican • SC-4

Sponsored 7/16/2025

Cosponsors (1)

R[
Rep. Pettersen, Brittany [D-CO-7]

D-CO-7

Joined 7/21/2025

Bill Journey

Originated in the House

Introduced

July 16, 2025

Committee Review

July 22, 2025

Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 2.

Floor Debate

December 1, 2025

Passed Chamber

December 1, 2025

Other Chamber

President

Enacted into Law

Text Versions (4)

Referred in Senate12/2/2025
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Engrossed in House12/1/2025
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Reported in House9/8/2025
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Introduced in House7/16/2025
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Committee Reports (1)

H. Rept. 119-248

Committees

Banking, Housing, and Urban Affairs Committee

Senate

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Financial Services Committee

House

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Details

Bill TypeHR
Current StatusReferred to Committee
Cosponsors1
View on Congress.gov

Sources and method

· Record updated Jul 17, 2026
  • Congress.govLibrary of Congress
    Status, actions, sponsors, cosponsors, committees and text
    Record updated Jul 17, 2026 · Loaded Oct 28, 2026, 2:47 PM ET
  • CRS bill summaryCongressional Research Service, via Congress.gov
    Official summary
    Summary of the “Introduced in House” version, Jul 16, 2025 · Loaded Oct 28, 2026, 2:47 PM ET
  • USAspending.govU.S. Department of the Treasury
    Related Federal Spending section
  • FEC filingsFederal Election Commission
    Funding & Lobbying section
  • Lobbying disclosures (LDA)Secretary of the Senate and Clerk of the House
    Funding & Lobbying section

All sources: Public domain (17 U.S.C. § 105) · Method: Data sources → · Campaign finance →

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