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Developing and Empowering our Aspiring Leaders Act of 2025

12/5/2025, 4:08 AM

Summary of Bill HR 4429

The bill "Developing and Empowering our Aspiring Leaders Act of 2025" was introduced in the 119th Congress on July 16, 2025. The bill, designated as H.R. 4429, aims to enhance leadership capabilities by providing specific directives and actions to develop aspiring leaders. Further details on key provisions or specific directives are not provided in the context object.

Congressional Summary of HR 4429

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 investments in other venture capital funds to be considered as qualifying investments for venture capital funds. However, for a private fund to qualify as a venture capital fund, the fund's investments must predominately (1) be acquired directly, or (2) be investments in other venture capital funds.

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Current Status of Bill HR 4429

Bill HR 4429 is currently in the status of Introduced to Senate since December 2, 2025. Bill HR 4429 was introduced during Congress 119 and was introduced to the House on July 16, 2025.  Bill HR 4429's most recent activity was Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of December 2, 2025

Bipartisan Support of Bill HR 4429

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
1
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 4429

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 4429

Developing and Empowering our Aspiring Leaders Act of 2025
Developing and Empowering our Aspiring Leaders Act of 2025
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.

Comments

Goldie Cole profile image

Goldie Cole

30,710

6 months ago

I don't think this bill is a good idea. It could have negative effects on me and others like me. I hope it doesn't pass.

Sponsors and Cosponsors of HR 4429

Ann Wagner
Ann Wagner
MissouriRepublican
Sean Casten
Sean Casten
IllinoisDemocrat

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