Bill Status of SB 1900   104th General Assembly


Short Description:  INCLUSIVE VENTURE INVESTMENT

Senate Sponsors
Sen. Elgie R. Sims, Jr.

Last Action  View All Actions

DateChamber Action
  2/6/2025SenateReferred to Assignments

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 
DateChamber Action
  2/6/2025SenateFiled with Secretary by Sen. Elgie R. Sims, Jr.
  2/6/2025SenateFirst Reading
  2/6/2025SenateReferred to Assignments

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