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Timmons Announces House Passage of the ICAN Act (H.R. 4431)
December 11, 2025
WASHINGTON, Dec. 11 -- Rep. William Timmons, R-South Carolina, issued the following news release:

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Timmons Announces House Passage of the ICAN Act (H.R. 4431)

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The U.S. House of Representatives unanimously passed H.R. 4431, the Improving Capital Allocation for Newcomers (ICAN) Act. The ICAN Act is a straightforward fix that updates the Qualifying Venture Capital Fund Exemption under Section 3(c)(1) of the Investment Company Act by raising . . .

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