Lets venture capital funds count more types of investments towards their special government status.
This bill would let venture capital funds count more types of investments towards their special government status. It would require the Securities and Exchange Commission to update its rules, giving these funds more flexibility in what they can invest in and setting a new limit on certain holdings.
Today, the Securities and Exchange Commission's rules for venture capital funds do not explicitly count stocks bought from existing owners or investments in other venture capital funds as "qualifying investments." This bill would change that, requiring the SEC to expand the definition to include these types of investments. It would also add a new rule: a private fund could only qualify as a venture capital fund if no more than 49 percent of its total capital is held in other venture capital funds or secondary acquisitions.
S 3351 · 119th Congress · December 4, 2025 · AI Summary by gemini-2.5-flash · 9/10
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2 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.