SB3351Introduced in the Senate
Developing and Empowering our Aspiring Leaders Act of 2025
Introduced by Mike Rounds, District SD
What does this bill do?
Plain-English breakdown
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Official description
A bill to require the Securities and Exchange Commission to revise the definition of a qualifying investment, for purposes of the exemption from registration for venture capital fund advisers under the Investment Advisers Act of 1940, to include an equity security issued by a qualifying portfolio company and to include an investment in another venture capital fund, and for other purposes.
Where it stands
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
December 4, 2025
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
Bill history
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Verify the information
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