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HR 4429 · in committee · significant

Developing and Empowering our Aspiring Leaders Act of 2025

What this bill does

  • The SEC must change rules to let venture capital funds count more types of investments as qualifying investments.
  • Venture capital fund managers and investors are affected by the expanded investment categories.
  • The change takes effect upon SEC regulatory revision with no specified cost to government.

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Community Threads

Started by Cosponsor

  1. 01

    How would expanding the types of investments that count toward venture capital fund qualification affect the geographic distribution of startup funding across different regions?

  2. 02

    What evidence supports the claim that broadening qualifying investment categories will increase capital availability for early-stage companies without creating new risks?

  3. 03

    Which investor groups would benefit most from the SEC's expanded investment categories, and could this shift funding away from other business sectors?

Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.

Sponsor · R-MO-2

Ann Wagner

Citizen cosponsors

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In Congress

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House Reps cosponsoring

Introduced 2025-12-02

Joining the bill

Legislative timeline

  1. 2025-12-02 · senate · IntroReferral

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

  2. 2025-12-01 · house · Floor

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

  3. 2025-12-01 · house · Floor

    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4949)

  4. 2025-12-01 · Floor

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4949)

  5. 2025-12-01 · house · Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 4429.

  6. 2025-12-01 · house · Floor

    Considered under suspension of the rules. (consideration: CR H4948-4950)

  7. 2025-12-01 · house · Floor

    Mr. Davidson moved to suspend the rules and pass the bill, as amended.

  8. 2025-09-08 · house · Calendars

    Placed on the Union Calendar, Calendar No. 203.

  9. 2025-09-08 · house · Committee

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-246.

  10. 2025-09-08 · Committee

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-246.

  11. 2025-07-22 · house · Committee

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

  12. 2025-07-22 · house · Committee

    Committee Consideration and Mark-up Session Held

  13. 2025-07-16 · house · IntroReferral

    Referred to the House Committee on Financial Services.

  14. 2025-07-16 · IntroReferral

    Introduced in House

  15. 2025-07-16 · IntroReferral

    Introduced in House

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