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Developing and Empowering our Aspiring Leaders Act of 2025

Passed first chamber: it can still change before the session ends.

US HR 4429 · House Bill · 119th Congress

Draft a letter
Stage
Passed first chamber
Started in
House
Sponsors
2
Latest action
Dec 2, 2025

What it does

Developing and Empowering our Aspiring Leaders Act of 2025 This bill directs the Securities and Exchange Commission to revise venture capital investment regulations to allow additional types of investments to be considered as qualifying investments. Venture capital funds are exempt from certain regulations applicable to other investment firms, including those related to filings, audits, and restricted communications with investors. Under current regulations, non-qualifying investments—which include secondary transactions and investments in other venture capital funds—may comprise up to 20% of a venture capital fund. The bill allows investments acquired through secondary transactions or…

Official summary · Introduced in House · Jul 16, 2025

Titles and provisions can change as the bill moves.

Read the full textRead it on the official site

Where it stands

  1. Introduced (Done)

    Jul 16, 2025

  2. Committee (Done)

  3. Floor (Current step)

    Passed first chamber · Dec 2, 2025

  4. Law (Not started)

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

Where it goes next

While a bill can still move, the questions are about people and money.

Work with this bill

Developing and Empowering our Aspiring Leaders Act of 2025 | 52