Bill Status of SB1900

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SB1900 - 104th General Assembly

INCLUSIVE VENTURE INVESTMENT
Last Action
2/06/2025 - Senate: Referred to Assignments
Senate Sponsors
Sen. Elgie R. Sims, Jr.
Statutes Amended In Order of Appearance
New Act
Synopsis As Introduced
Creates the Inclusive Venture Investment Act. Provides that the State Treasurer shall create a Direct Matching Funds Program. Provides that the purpose of the program shall be to leverage State-managed funds for investments in minority-owned venture capital firms, minority-owned financial managers, and minority-led startups. Sets forth provisions for investment requirements and incentives; administration; transparency and reporting; oversight and compliance; confidentiality; and rulemaking. Effective July 1, 2026.
Actions
Date Chamber Action
2/06/2025 Senate Filed with Secretary by Sen. Elgie R. Sims, Jr.
2/06/2025 Senate First Reading
2/06/2025 Senate Referred to Assignments