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HR 2707 105th Congress House Taxation Business income tax Business losses Capital gains tax Commerce Corporate reorganizations Finance and Financial Sector Income tax Mutual funds Partnerships Preferred stocks Profit Small business Stockholders Stocks Tax exclusion

Entrepreneurial Equity Capital Formation Act

Introduced: October 23, 1997 See on congress.gov
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This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 23, 1997
Referred to the House Committee on Ways and Means.
Oct 23, 1997
Introduced in House
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 Plain-English summary Congressional Research Service

TABLE OF CONTENTS:

Title I: Tax-Free Conversions of Specialized Small Business

Investment Companies Into Pass-Thru Entities

Title II: Additional Incentives Related to Investing in

Specialized Small Business Investment Companies

Entrepreneurial Equity Capital Formation Act - Title I: Tax-Free Conversions of Specialized Small Business Investment Companies Into Pass-Thru Entities - Amends the Internal Revenue Code to set forth special rules for determining whether a specialized small business investment company is a regulated investment company, to define such a company, to waive the distribution requirement for such a company, and to disregard certain earnings and profits of such a company.

Permits the tax-free reorganization of a specialized small investment company as a partnership if the reorganization is carried out within a specified time period following enactment and other specified conditions are met.

Title II: Additional Incentives Related to Investing in Specialized Small Business Investment Companies - Sets forth additional tax incentives for investing in specialized small business investment companies.

What's happening now October 23, 1997

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 7
All 7 Democratic 7
D
Bishop, Sanford D.
Georgia · Oct 23, 1997
 D
Clyburn, James E.
South Carolina · Oct 23, 1997
 D
Davis, Danny K.
Illinois · Oct 23, 1997
 D
Norton, Eleanor Holmes
District of Columbia · Oct 23, 1997
 D
Scott, Robert C. "Bobby"
Virginia · Oct 23, 1997
 D
Thompson, Bennie G.
Mississippi · Oct 23, 1997
 D
Waters, Maxine
California · Oct 23, 1997
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2707: Entrepreneurial Equity Capital Formation Act. 105th Congress. Open America. https://openamerica.io/bill/105-HR-2707/
MLA
"H.R. 2707: Entrepreneurial Equity Capital Formation Act." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-2707/.
Bluebook (legal)
H.R. 2707, 105th Cong. (2026), https://openamerica.io/bill/105-HR-2707/.
Markdown link
[H.R. 2707: Entrepreneurial Equity Capital Formation Act](https://openamerica.io/bill/105-HR-2707/)
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