Sec. 504. SUPPORTING AMERICA’S INNOVATORS
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/statute-compilations/comps-15539/sec-504A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 504 SUPPORTING AMERICA’S INNOVATORS 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), by inserting “(or, in the case of a qualifying venture capital fund, 250 persons)” after “one hundred persons”; and ####
(2)by adding at the end the following: > > ##### “(C) > > > ######
(i)> > The term ‘qualifying venture capital fund’ means a venture capital fund that has not more than $10,000,000 in aggregate capital contributions and uncalled committed capital, with such dollar amount to be indexed for inflation once every 5 years by the Commission, beginning from a measurement made by the Commission on a date selected by the Commission, rounded to the nearest $1,000,000. > > > ###### “(ii) > > The term ‘venture capital fund’ has the meaning given the term in section 275.203(l)-1 of title 17, Code of Federal Regulations, or any successor regulation.” > .
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Sec. 504
SUPPORTING AMERICA’S INNOVATORS
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