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House bill · H.R. 4431 (119th Congress)

Improving Capital Allocation for Newcomers Act of 2025

U.S. House of Representatives

Latest action Dec 2, 2025

Sponsor: William R. Timmons IV (U.S. Representative, SC-4, Republican)

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From Congress.gov and official rosters. This record was last updated Aug 2, 2026. About our data

Summary

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.

Summary from the Congressional Research Service. How we handle summaries

Where it stands

Passed one of the two chambers; it still needs the other.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

House Committee on Financial Services · U.S. House of Representatives

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Cosponsors

1

Cosponsors listed on Congress.gov, shown A to Z.

  • Democratic1

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Full history

  1. Dec 2, 2025

    In committee

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

    U.S. House

  2. Dec 2, 2025

    Sent to the executive

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

    U.S. Senate

  3. Dec 1, 2025

    Considered Under Suspension of the rules. (consideration: cr H4950-4952)

    Considered under suspension of the rules. (consideration: CR H4950-4952)

  4. Dec 1, 2025

    Considered Under Suspension of the rules. (consideration: cr H4950-4952)

    Considered under suspension of the rules. (consideration: CR H4950-4952)

  5. Dec 1, 2025

    Considered Under Suspension of the rules. (consideration: cr H4950-4952)

    Considered under suspension of the rules. (consideration: CR H4950-4952)

Show full history (20 earlier events)
  1. Dec 1, 2025

    Debate - the House Proceeded With Forty Minutes of Debate on H.R. 4431.

    DEBATE - The House proceeded with forty minutes of debate on H.R. 4431.

    U.S. House of Representatives

  2. Dec 1, 2025

    Passed a chamber

    Motion to reconsider laid on the table Agreed to without objection.

  3. Dec 1, 2025

    Passed a chamber

    Motion to reconsider laid on the table Agreed to without objection.

  4. Dec 1, 2025

    Passed a chamber

    Motion to reconsider laid on the table Agreed to without objection.

  5. Dec 1, 2025

    Passed a chamber

    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)

    U.S. House of Representatives

  6. Sep 8, 2025

    Placed on the Union Calendar, Calendar No. 205.

  7. Sep 8, 2025

    Placed on the Union Calendar, Calendar No. 205.

  8. Sep 8, 2025

    Placed on the Union Calendar, Calendar No. 205.

  9. Sep 8, 2025

    Reported out of committee

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-248.

  10. Sep 8, 2025

    Reported out of committee

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-248.

  11. Sep 8, 2025

    Reported out of committee

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-248.

  12. Jul 22, 2025

    Committee vote

    Committee Consideration and Mark-up Session Held

  13. Jul 22, 2025

    Committee vote

    Committee Consideration and Mark-up Session Held

  14. Jul 22, 2025

    Committee vote

    Committee Consideration and Mark-up Session Held

  15. Jul 22, 2025

    Reported out of committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 2.

  16. Jul 22, 2025

    Reported out of committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 2.

  17. Jul 22, 2025

    Reported out of committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 2.

  18. Jul 16, 2025

    Introduced

    Introduced in House

    U.S. House of Representatives

  19. Jul 16, 2025

    Introduced

    Introduced in U.S. House

    U.S. House

  20. Jul 16, 2025

    Referred to committee

    Referred to the House Committee on Financial Services.

    U.S. House of Representatives

Read the record