Senate bill · 119th Congress · Latest step: Introduced
Developing and Empowering our Aspiring Leaders Act of 2025
Official title: 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.
Sponsor: Sen. Mike Rounds R-SDWhere it went
- IntroducedDec 4, 2025
- Committee action—
- Passed Senate—
- Passed House—
- To the President—
- Became law—
Latest action: Dec 4, 2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Vote results
No recorded roll-call votes on this bill in PORKER’s records (voice votes and unanimous consent are not roll calls; roll-call records start in 2011).
Cosponsors
1 cosponsor — 1 Democrat
1 of 1 cosponsors (100%) are from the other party.
More from the sponsor
Other 119th Congress bills sponsored by Sen. Mike Rounds.
- S. 1055 (119th) Indian Health Service Emergency Claims Parity Act
- S.Res. 80 (119th) A resolution expressing gratitude to the Joint Congressional Committee on Inaugural Ceremonies, the Architect of the Capitol, the Sergeant…
- S. 1473 (119th) Stop Stealing our Chips Act
- S. 105 (119th) Wounded Knee Massacre Memorial and Sacred Site Act
- S. 287 (119th) Marcella LeBeau Recognition Act
- S. 3736 (119th) Dakota Mainstem Water Supply Project Feasibility Study Act
Sponsor’s state and district
Data as of Sep 13, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.