2021-2022 Regular SessionUS Congress Legislature

HB4227: Developing and Empowering our Aspiring Leaders Act of 2022

Legislative Summary

To require the Securities and Exchange Commission to revise the definition of a qualifying investment to include an equity security issued by a qualifying portfolio company, whether acquired directly from the company or in a secondary acquisition, for purposes of the exemption from registration for venture capital fund advisers under the Investment Advisers Act of 1940, and for other purposes.

Demographic Impact

Overall analysis of equity impact

Neutral
Medium ConfidenceView detailed demographic breakdown ↓

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Bill History

6/29/2021
Introduced in House
House of Representatives
6/29/2021
Referred to the House Committee on Financial Services.
House of Representatives
7/26/2022
Ms. Waters moved to suspend the rules and pass the bill, as amended.
House of Representatives
7/26/2022
Considered under suspension of the rules. (consideration: CR H7152-7153)
House of Representatives
7/26/2022
DEBATE - The House proceeded with forty minutes of debate on H.R. 4227.
House of Representatives
7/26/2022
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7152)
House of Representatives
7/26/2022
Motion to reconsider laid on the table Agreed to without objection.
House of Representatives
7/26/2022
The title of the measure was amended. Agreed to without objection.
House of Representatives
7/27/2022
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Senate

Status Information

Current Status
Engrossed(7/27/2022)
Chamber
Senate
Committee
Banking, Housing, And Urban Affairs(Senate)

Sponsors

Republican: 1

Documents

Engrossed
Bill Text7/27/2022106.0 KB
Introduced
Bill Text7/16/2021244.1 KB