[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 2906 Introduced in Senate (IS)]

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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.


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                   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. SHORT TITLE.

    This Act may be cited as the ``Expanding American Entrepreneurship 
Act''.

SEC. 2. INVESTMENT COMPANIES.

    Section 3(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''.
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