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House Financial Services committee advances three bills to ease rules for venture and private funds
Summary
The committee marked up three bipartisan measures aimed at loosening qualification rules or inflation indexing for venture capital and small private fund exemptions, sponsors said the changes will expand capital to startups and regional funds while keeping investor protections in place.
The House Financial Services Committee on the markup advanced three related bills designed to update how venture capital and small private funds qualify for regulatory exemptions and to adjust registration thresholds for advisers.
Committee leaders and sponsors framed the package as bipartisan, modest technical reforms that would direct more capital to startups outside traditional finance hubs and reduce compliance burdens on smaller fund advisers. Chair Hill, Rep. Wagner, Rep. Timmons and Rep. Barr each described different bills that aim to modernize requirements in the Investment Company Act and Investment Advisers Act of 1940 and to index the SEC’s registration thresholds for inflation.
Supporters said the Developing and Empowering Aspiring Leaders Act (DEAL, H.R. 44 29)…
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