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HR 4431 119th 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 2025

Introduced: July 21, 2025 Introduced by: Timmons, William R. Republican · South Carolina See on congress.gov
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 Everywhere this bill has been 13 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 2, 2025
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 1, 2025
Motion to reconsider laid on the table Agreed to without objection.
Dec 1, 2025
DEBATE - The House proceeded with forty minutes of debate on H.R. 4431.
Dec 1, 2025
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4950-4951)
Dec 1, 2025
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4950-4951)
Dec 1, 2025
Considered under suspension of the rules. (consideration: CR H4950-4952)
Dec 1, 2025
Mr. Davidson moved to suspend the rules and pass the bill, as amended.
Sep 8, 2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-248.
Sep 8, 2025
Placed on the Union Calendar, Calendar No. 205.
Jul 22, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 2.
Jul 22, 2025
Committee Consideration and Mark-up Session Held
Jul 16, 2025
Referred to the House Committee on Financial Services.
Jul 16, 2025
Introduced in House
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 Plain-English summary Congressional Research Service

Improving Capital Allocation for Newcomers Act of 2025

This bill expands qualification requirements for venture capital funds to include investment firms with more owners and capital contributions. 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 2,000 persons and $150 million, respectively.

What's happening now December 2, 2025

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

 Hearings & markups 1
  • Various Measures
    Markup Jul 22, 2025 · 10:00 AM EDT · Financial Services Committee
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Lobbying activity 9

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

See all 9 filings →
 Cosponsors 1
All 1 Democratic 1
D
Pettersen, Brittany
Colorado · Jul 21, 2025
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4431: Improving Capital Allocation for Newcomers Act of 2025. 119th Congress. Open America. https://openamerica.io/bill/119-HR-4431/
MLA
"H.R. 4431: Improving Capital Allocation for Newcomers Act of 2025." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-4431/.
Bluebook (legal)
H.R. 4431, 119th Cong. (2026), https://openamerica.io/bill/119-HR-4431/.
Markdown link
[H.R. 4431: Improving Capital Allocation for Newcomers Act of 2025](https://openamerica.io/bill/119-HR-4431/)
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