Bill Status of HB2937

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HB2937 - 104th General Assembly

INCLUSIVE VENTURE INVESTMENT
Last Action
3/21/2025 - House: Rule 19(a) / Re-referred to Rules Committee
House Sponsors
Rep. Maurice A. West, II
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
2/05/2025 House Filed with the Clerk by Rep. Maurice A. West, II
2/06/2025 House First Reading
2/06/2025 House Referred to Rules Committee
3/04/2025 House Assigned to Executive Committee
3/21/2025 House Rule 19(a) / Re-referred to Rules Committee