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Bill

SB 383

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

2025 Regular Session Introduced by Fran Cavenaugh and 1 co-sponsor

Arkansas eliminates annual reporting requirements for venture capital investment fund managers, reducing state oversight and transparency of private venture capital activity.

Notification that SB383 is now Act 467
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Bill Summary · SB 383

Legislative bill overview

SB 383 eliminates the mandatory annual reporting requirement that venture capital investment fund managers must submit under Arkansas's Venture Capital Investment Act of 2001. The bill removes a compliance obligation without replacing it with alternative oversight mechanisms.

Why is this important

Venture capital funds manage significant private investments in Arkansas businesses and economic development. The annual report requirement previously provided transparency into fund performance, allocation of capital, and investment outcomes for state policymakers and the public. Removing this requirement reduces oversight visibility into how venture capital operates within the state.

Potential points of contention

  • Reduced transparency: Eliminates a formal mechanism for tracking venture capital activity and fund performance in the state, making it harder to assess whether these investments achieve their intended economic development goals
  • Accountability questions: Without annual reporting, there's diminished public accountability for state-supported or tax-advantaged venture capital programs, if any exist
  • Data loss: State policymakers lose systematic data collection that could inform future venture capital policy decisions or demonstrate economic impact to justify continued support

Compiled from official sources — confirm details with the bill’s official record.

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