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S 3319 118th Congress Senate Finance and Financial Sector

Expanding American Entrepreneurship Act

Introduced: November 15, 2023 Introduced by: Moran, Jerry Republican · Kansas See on congress.gov
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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
Nov 15, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Nov 15, 2023
Introduced in Senate
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 Plain-English summary Congressional Research Service

Expanding American Entrepreneurship Act

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 500 persons and $50 million, respectively.

What's happening now November 15, 2023

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

 Related & companion bills 1
  • HR 2790 Related bill Improving Capital Allocation for Newcomers Act of 2021
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Republican 1
R
Scott, Tim
South Carolina · Nov 15, 2023
 D
Warner, Mark R.
Virginia · Nov 15, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3319: Expanding American Entrepreneurship Act. 118th Congress. Open America. https://openamerica.io/bill/118-S-3319/
MLA
"S. 3319: Expanding American Entrepreneurship Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-3319/.
Bluebook (legal)
S. 3319, 118th Cong. (2026), https://openamerica.io/bill/118-S-3319/.
Markdown link
[S. 3319: Expanding American Entrepreneurship Act](https://openamerica.io/bill/118-S-3319/)
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