Introduced:
Sep 18, 2025
Congress.gov:
Bill Statistics
2
Actions
3
Cosponsors
0
Summaries
0
Subjects
1
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Latest Action
Sep 18, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Actions (2)
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Type: IntroReferral
| Source: Senate
Sep 18, 2025
Introduced in Senate
Type: IntroReferral
| Source: Library of Congress
| Code: 10000
Sep 18, 2025
Cosponsors (3)
(D-AZ)
Sep 18, 2025
Sep 18, 2025
(R-SC)
Sep 18, 2025
Sep 18, 2025
(D-VA)
Sep 18, 2025
Sep 18, 2025
Full Bill Text
Length: 1,621 characters
Version: Introduced in Senate
Version Date: Sep 18, 2025
Last Updated: Nov 15, 2025 6:08 AM
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 2906 Introduced in Senate
(IS) ]
<DOC>
119th CONGRESS
1st Session
S. 2906
To amend the Investment Company Act of 1940 to address entities that
are not considered to be investment companies for the purposes of that
Act, and for other purposes.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
September 18 (legislative day, September 16), 2025
Mr. Moran (for himself, Mr. Warner, Mr. Scott of South Carolina, and
Mr. Gallego) introduced the following bill; which was read twice and
referred to the Committee on Banking, Housing, and Urban Affairs
_______________________________________________________________________
A BILL
To amend the Investment Company Act of 1940 to address entities that
are not considered to be investment companies for the purposes of that
Act, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
[From the U.S. Government Publishing Office]
[S. 2906 Introduced in Senate
(IS) ]
<DOC>
119th CONGRESS
1st Session
S. 2906
To amend the Investment Company Act of 1940 to address entities that
are not considered to be investment companies for the purposes of that
Act, and for other purposes.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
September 18 (legislative day, September 16), 2025
Mr. Moran (for himself, Mr. Warner, Mr. Scott of South Carolina, and
Mr. Gallego) introduced the following bill; which was read twice and
referred to the Committee on Banking, Housing, and Urban Affairs
_______________________________________________________________________
A BILL
To amend the Investment Company Act of 1940 to address entities that
are not considered to be investment companies for the purposes of that
Act, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1.
This Act may be cited as the ``Expanding American Entrepreneurship
Act''.
SEC. 2.
Section 3
(c) (1) of the Investment Company Act of 1940 (15 U.
(c) (1) of the Investment Company Act of 1940 (15 U.S.C.
80a-3
(c) (1) ) is amended--
(1) in the matter preceding subparagraph
(A) , in the first
sentence, by striking ``250 persons'' and inserting ``500
persons''; and
(2) in subparagraph
(C)
(i) , by striking ``$10,000,000'' and
inserting ``$50,000,000''.
<all>
80a-3
(c) (1) ) is amended--
(1) in the matter preceding subparagraph
(A) , in the first
sentence, by striking ``250 persons'' and inserting ``500
persons''; and
(2) in subparagraph
(C)
(i) , by striking ``$10,000,000'' and
inserting ``$50,000,000''.
<all>