S. 3351 Introduced Finance and Financial Sector

Developing and Empowering our Aspiring Leaders Act of 2025

A bill 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.

  1. Introduced
  2. Committee
  3. Passed Senate
  4. Passed House
  5. To President
  6. Became law
Sponsor Sen. Rounds, Mike [R-SD] Introduced December 4, 2025 Cosponsors 1 (1 D) Latest action December 4, 2025

Summary

The Congressional Research Service has not published a summary of this bill yet.

Congress.gov

Actions

  1. Dec 4, 2025 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. Dec 4, 2025 Introduced in Senate

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