HR 4431

Improving Capital Allocation for Newcomers Act of 2025

In Second Chamber

Jurisdiction

US Congress

Session

119th Congress (2025-2026)

Last updated at

Jun 14, 2026, 4:04 AM

Official source

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Introduced
Passed House
Passed Senate
To President
Became Law

Bill overview

This bill changes the rules for what qualifies as a ‘venture capital fund’ under U.S. law. Currently, these funds must have fewer than 250 investors and less than $10 million in capital. The Improving Capital Allocation for Newcomers Act of 2025 raises these thresholds to 2,000 investors and $150 million, aiming to broaden the category of funds subject to certain regulations. This change could impact how venture capital firms operate and report their activities.

Positions across the state

No public positions recorded for this legislation.

CIVIK

LEGISLATION TRACKER

HR 4431In Second Chamber

Improving Capital Allocation for Newcomers Act of 2025

Jurisdiction: US

Public Sentiment

No Data

0

Support

0

Oppose

CIVIKEngagement, Reclaimed.

civik.us/legislation/cmnm4yd880gdpjr0h2b11jxfy|Jun 14, 2026

CIVIK

LEGISLATION TRACKER

HR 4431In Second Chamber

Improving Capital Allocation for Newcomers Act of 2025

Jurisdiction: US

Public Sentiment

No Data

0

Support

0

Oppose

CIVIKEngagement, Reclaimed.

civik.us/legislation/cmnm4yd880gdpjr0h2b11jxfy|Jun 14, 2026

Arguments in favor

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Arguments opposed

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Chronological record of actions on this bill from official records.

2025-12-02Senate

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

Passage without roll call

The official record shows passage by unanimous consent or voice vote where no roll call was taken. No member-level tally is available for these steps, and the district map does not apply.

12/1/2025HouseVoice vote
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4950-4951)
No roll-call vote on record for this action.
12/1/2025Voice vote
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4950-4951)
No roll-call vote on record for this action.

Floor votes and chamber actions

Recorded roll calls list how each member voted. Unanimous consent or voice vote appears in the official action history without a roll call; no member-level tally is available for those steps.

Passage without roll call

12/1/2025HouseVoice vote
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4950-4951)
No roll-call vote on record for this action.
12/1/2025Voice vote
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4950-4951)
No roll-call vote on record for this action.

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HR 4431

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Bill overview

Sponsors

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Cosponsor

Positions across the state

Arguments in favor

Arguments opposed

Legislative history

Passage without roll call

Floor votes and chamber actions

Passage without roll call

Bill text

Positions across the state

Legislative history

Passage without roll call

Floor votes and chamber actions

Passage without roll call