The record

LegislationLegislation· Dec 2025
HR 4431 Passed House — in Senate

Sponsored by William R. Timmons (R)

Improving Capital Allocation for Newcomers Act of 2025

Raises venture capital fund size limits to let more investment firms skip certain securities regulations.

Tradeoff

Lets larger venture capital funds operate with less regulatory oversight. The bill requires a study in five years to see if the change spreads investment to more founders and regions.

What's in it

See official bill text

Passed the House by on December 1, 2025 — sitting in the Senate.

  1. House

    Introduced

    (Jul 16, 2025)

  2. House

    Committee on Financial Services(Jul 16, 2025)

  3. House

    The Committee on Financial Services voted to send it to the floor

    Reported 50 - 2(Jul 22, 2025)

    Committee report H. Rept. 119-248.

  4. House

    Passage of the bill

    Passed by (Dec 1, 2025)

    No individual votes were recorded.

  5. Senate

    Received from the House

    on Banking, Housing, and Urban Affairs(Dec 2, 2025)