H.R. 4854
IntroducedSupporting America's Innovators Act of 2016
Latest Action
Received in the Senate.
7/6/2016 • Senate
Summary
Supporting America's Innovators Act of 2016
This bill amends the Investment Company Act of 1940 to exempt from its coverage any issuer whose outstanding securities with respect to a qualifying venture capital fund (other than short-term paper) are beneficially owned by not more than 250 persons.
The bill defines "qualifying venture capital fund" as one with no more than $10 million (annually adjusted for inflation) in invested capital.
Passed House amended • 7/5/2016
Topics & Subjects
CBO Cost Estimates (1)
Related Federal Spending
Sponsor & Cosponsors (2)
Party Breakdown
Sponsor
Cosponsors (1)
Bill Journey
Originated in the House
Introduced
March 23, 2016
Committee Review
April 14, 2016
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
Floor Debate
July 5, 2016
Passed Chamber
July 5, 2016
Other Chamber
July 6, 2016
President
Enacted into Law