HR 2790 118th Congress House Finance and Financial Sector Banking and financial institutions regulation Business investment and capital Business records Securities

Improving Capital Allocation for Newcomers Act of 2021

Introduced: April 20, 2023 Introduced by: Timmons, William R. Republican · South Carolina See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Apr 20, 2023

Referred to the House Committee on Financial Services.

Apr 20, 2023

Introduced in House

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Plain-English summary Congressional Research Service

Improving Capital Allocation for Newcomers Act of 2021 [sic]

This bill revises qualification requirements for venture capital funds. 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 2000 persons and $150 million, respectively.

What's happening now April 20, 2023

Referred to the House Committee on Financial Services.

Related & companion bills 2

Bill text 1 version

Introduced in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Financial Services Committee
House of Representatives

Lobbying activity 3

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

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APA

U.S. Congress. (2026). H.R. 2790: Improving Capital Allocation for Newcomers Act of 2021. 118th Congress. Open America. https://openamerica.io/bill/118-HR-2790/

MLA

"H.R. 2790: Improving Capital Allocation for Newcomers Act of 2021." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-2790/.

Bluebook (legal)

H.R. 2790, 118th Cong. (2026), https://openamerica.io/bill/118-HR-2790/.

Markdown link

[H.R. 2790: Improving Capital Allocation for Newcomers Act of 2021](https://openamerica.io/bill/118-HR-2790/)