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
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Bill History
Status Information
Sponsors
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