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50-2 committee votes on these two bills today.
Assuming Congress keeps putting in the work here, this would represent the biggest change to venture capital fund law since the U.S. regulatory framework was passed 85 years ago.
But, a lot of work left to do here.
23.7. klo 02.30
If these 2 bills pass Congress 👀
• 250 to 2,000 LPs in qualifying VC funds
• $12M to $150M limit for VC funds
• FoF & Secondaries=Qualifying Investments!
Gov't tracker shows 1% prognosis but DC insiders say strong bipartisan support in today's committee
h/t @OfficialBBrooks
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