Skip to main content
HR 2579 118th Congress House Finance and Financial Sector Administrative law and regulatory procedures Financial services and investments Securities Securities and Exchange Commission (SEC)

Developing and Empowering our Aspiring Leaders Act of 2023

Introduced: April 13, 2023 Introduced by: Barr, Andy Republican · Kentucky See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Apr 13, 2023
Referred to the House Committee on Financial Services.
Apr 13, 2023
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Developing and Empowering our Aspiring Leaders Act of 2023

This bill directs the Securities and Exchange Commission to revise venture capital investment regulations. Venture capital funds are exempt from certain regulations applicable to other investment firms, including those related to filings, audits, and restricted communications with investors. Under current law, non-qualifying investments—which include secondary transactions and investments in other venture capital funds—may comprise up to 20% of a venture capital fund.

The bill allows investments acquired through secondary transactions or investments in other venture capital funds to be considered as qualifying investments for venture capital funds. However, for a private fund to qualify as a venture capital fund, the fund's investments must predominately (1) be acquired directly, or (2) be investments in other venture capital funds.

What's happening now April 13, 2023

Referred to the House Committee on Financial Services.

 Related & companion bills 1
  • HR 2799 Related bill Expanding Access to Capital Act of 2023
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 1

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2579: Developing and Empowering our Aspiring Leaders Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-2579/
MLA
"H.R. 2579: Developing and Empowering our Aspiring Leaders Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-2579/.
Bluebook (legal)
H.R. 2579, 118th Cong. (2026), https://openamerica.io/bill/118-HR-2579/.
Markdown link
[H.R. 2579: Developing and Empowering our Aspiring Leaders Act of 2023](https://openamerica.io/bill/118-HR-2579/)
Report a problem