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S. 3576 115th Congress Senate

Developing and Empowering our Aspiring Leaders Act of 2018

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

Official title: A bill 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: October 11, 2018 Introduced by: Mike Rounds Republican · South Dakota 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 11, 2018
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Oct 11, 2018
Introduced in Senate
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 Latest action October 11, 2018

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

 Plain-English summary Congressional Research Service

Developing and Empowering our Aspiring Leaders Act of 2018

This bill directs the Securities and Exchange Commission (SEC) to exempt certain investments by venture capital funds from SEC registration requirements; specifically, the bill exempts investments in equity securities acquired in a secondary acquisition.

 Related & companion bills 2
  • HR 6177 Developing and Empowering our Aspiring Leaders Act of 2018
  • S 488 Encouraging Employee Ownership Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 3576: Developing and Empowering our Aspiring Leaders Act of 2018. 115th Congress. Open America. https://openamerica.io/bill/115-S-3576/
MLA
"S. 3576: Developing and Empowering our Aspiring Leaders Act of 2018." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-3576/.
Bluebook (legal)
S. 3576, 115th Cong. (2026), https://openamerica.io/bill/115-S-3576/.
Markdown link
[S. 3576: Developing and Empowering our Aspiring Leaders Act of 2018](https://openamerica.io/bill/115-S-3576/)
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