Order

2025R: SB383 ACT 467

TO REPEAL THE ANNUAL REPORT REQUIRED UNDER THE VENTURE CAPITAL INVESTMENT ACT OF 2001.

Latest action: Notification that SB383 is now Act 467

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Sponsor	Role
Crowell	lead
Cavenaugh	primary

When	Chamber	Action
Mar 5, 2025, 10:58 a.m. CT	Senate	Filed
Mar 5, 2025, 2:10 p.m. CT	Senate	Read first time, rules suspended, read second time, referred to AGRICULTURE, FORESTRY & ECONOMIC DEVELOPMENT - SENATE
Mar 5, 2025, 2:21 p.m. CT	Senate	Withdrawn from Committee and placed on calendar.
Mar 5, 2025, 2:22 p.m. CT	Senate	Re-referred to REVENUE & TAX - SENATE
Mar 12, 2025, 1:55 p.m. CT	Senate	Returned by the Committee, with the recommendation that it Do Pass
Mar 13, 2025, 3:19 p.m. CT	Senate	Read the third time and passed. ·
Mar 13, 2025, 3:19 p.m. CT	Senate	Ordered Immediately transmitted to the House.
Mar 13, 2025, 5:04 p.m. CT	House	RECEIVED FROM THE SENATE
Mar 13, 2025, 5:30 p.m. CT	House	Read the first time, rules suspended, read the second time and referred to the Committee on REVENUE & TAXATION- HOUSE
Mar 20, 2025, 12:59 p.m. CT	House	Returned by the Committee Do Pass
Apr 1, 2025, 4:11 p.m. CT	House	Read the third time and passed and ordered transmitted to the Senate. ·
Apr 1, 2025, 4:12 p.m. CT	House	Returned to the Senate as passed.
Apr 1, 2025, 6:23 p.m. CT	Senate	Returned from the House as passed.
Apr 1, 2025, 6:23 p.m. CT	Senate	ORDERED ENROLLED
Apr 2, 2025, 8:30 a.m. CT	Senate	Reported correctly enrolled and ordered delivered to the Governor.
Apr 2, 2025, 8:30 a.m. CT	Senate	DELIVERED TO GOVERNOR.
Apr 7, 2025, 1:15 p.m. CT	Senate	Notification that SB383 is now Act 467

Meetings

When	Meeting	Video
Mar 12, 2025, 10:00 a.m. CT	Senate Revenue and Taxation · Old Supreme Court	Video Add to Google Calendar Add to Apple Calendar
Mar 13, 2025, 1:30 p.m. CT	Senate Floor Session · Senate Chamber	Video Add to Google Calendar Add to Apple Calendar
Apr 1, 2025, 1:30 p.m. CT	House Meeting · House	Video Add to Google Calendar Add to Apple Calendar

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Fiscal impact

Other1 · Mar 12, 2025

Legislative Impact Statement Bill: SB383 Bill Subtitle: TO REPEAL THE ANNUAL REPORT REQUIRED UNDER THE VENTURE CAPITAL INVESTMENT ACT OF 2001. --------------------------------------------------------------------------------------------------------------------------------------- Basic Change: This bill would eliminate a statutory requirement for the filing of an annual report by investors using the Venture Capital Investment Act, a fund whose initial functions have been shifted elsewhere, and which is now no longer issuing new financing. Revenue Impact: None Taxpayer Impact: None Resources Required: None Time Required: Adequate time is provided for implementation Procedural Changes: ADFA will no longer provide the statutorily required report Other Comments: None Legal Analysis:

Committee actions

Do Pass · House · Mar 20, 2025, 12:59 p.m. CT
Returned by the Committee Do Pass
Do Pass · Senate · Mar 12, 2025, 1:55 p.m. CT
Returned by the Committee, with the recommendation that it Do Pass

Floor roll calls

House · RCS 835

Tuesday, April 1, 2025 4:11:56 PM · arkleg

87Yea

2Nay

3Not voting

8Present

0Excused

Yea (87)

Nay (2)

Aaron Pilkington (R)
Chad Puryear (R)

Present (8)

Not voting (3)

Senate · RCS 537

Thursday, March 13, 2025 3:19:20 PM · arkleg

33Yea

0Nay

1Not voting

1Present

0Excused

Yea (33)

Present (1)

Gilmore

Not voting (1)

Bryan King (R)

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Last checked Nov 12, 2026, 7:52 p.m. CT.

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