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H.R. 6177 115th Congress House

Developing and Empowering our Aspiring Leaders Act of 2018

Official title: To require the Securities and Exchange Commission to revise the definitions of a qualifying portfolio company and a qualifying investment to include an emergin… Show full official titleShow less

Official title: To require the Securities and Exchange Commission to revise the definitions of a qualifying portfolio company and a qualifying investment to include an emerging growth company and the equity securities of an emerging growth company, respectively, for purposes of the exemption from registration for venture capital fund advisers under the Investment Advisers Act of 1940.

Introduced: June 21, 2018 See on congress.gov
Finance and Financial Sector Banking and financial institutions regulationBusiness investment and capitalFinancial services and investmentsLicensing and registrations
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SecuritiesSecurities and Exchange Commission (SEC)
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 3, 2018
Placed on the Union Calendar, Calendar No. 687.
Aug 3, 2018
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-889.
Jul 11, 2018
Ordered to be Reported (Amended) by Voice Vote.
Jul 11, 2018
Committee Consideration and Mark-up Session Held.
Jun 21, 2018
Referred to the House Committee on Financial Services.
Jun 21, 2018
Introduced in House
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 Latest action August 3, 2018

Placed on the Union Calendar, Calendar No. 687.

 Plain-English summary Congressional Research Service

Developing and Empowering our Aspiring Leaders Act

This bill directs the Securities and Exchange Commission (SEC) to exempt certain investments by venture capital funds in emerging growth companies (in general, newly public companies with revenues below a specified threshold) from SEC registration requirements.

 Related & companion bills 2
  • S 488 Encouraging Employee Ownership Act
  • S 3576 Developing and Empowering our Aspiring Leaders Act of 2018
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 6177: Developing and Empowering our Aspiring Leaders Act of 2018. 115th Congress. Open America. https://openamerica.io/bill/115-HR-6177/
MLA
"H.R. 6177: Developing and Empowering our Aspiring Leaders Act of 2018." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-6177/.
Bluebook (legal)
H.R. 6177, 115th Cong. (2026), https://openamerica.io/bill/115-HR-6177/.
Markdown link
[H.R. 6177: Developing and Empowering our Aspiring Leaders Act of 2018](https://openamerica.io/bill/115-HR-6177/)
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