U.S. Rep. Trey Hollingsworth (R-IN) introduced Tuesday a bill to encourage more investment from venture capital firms in startups and small businesses.

The Developing and Encouraging our Aspiring Leaders (DEAL) Act (H.R. 4227) requires the Securities and Exchange Commission (SEC) to expand the definition of a qualifying investment to include broader equity securities and venture capital investments in other funds. It would allow venture capital funds to provide necessary growth capital as those companies go public without registering as a registered investment adviser. READ MORE