The Developing and Empowering our Aspiring Leaders Act of 2025 revises regulatory definitions for venture capital fund advisers.
The Developing and Empowering our Aspiring Leaders Act of 2025 mandates the Securities and Exchange Commission to revise the definition of a qualifying investment for venture capital fund advisers. This includes equity securities from qualifying portfolio companies and investments in other venture capital funds. The bill also requires that a venture capital fund holds no more than 49 percent of its capital in other venture capital funds.
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