H.R. 1219
Referred to CommitteeSupporting America's Innovators Act of 2017
Latest Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
4/6/2017 • Senate
Summary
(This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.)
Supporting America's Innovators Act of 2017
(Sec. 2) This bill amends the Investment Company Act of 1940 to exempt from the definition of an "investment company," for purposes of specified limitations applicable to such a company under the Act, a qualifying venture capital fund that has no more than 250 investors. Specifically, the bill applies to a venture capital fund that has less than $10 million in aggregate capital contributions and uncalled committed capital.
Under current law, a venture capital fund is considered to be an investment company if it has more than 100 investors.
Passed House without amendment • 4/6/2017
Topics & Subjects
CBO Cost Estimates (1)
Related Federal Spending
Sponsor & Cosponsors (5)
Party Breakdown
Sponsor
Cosponsors (4)
Bill Journey
Originated in the House
Introduced
February 27, 2017
Committee Review
March 9, 2017
Ordered to be Reported by the Yeas and Nays: 54 - 2.
Floor Debate
April 6, 2017
Passed Chamber
April 5, 2017
Other Chamber
President
Enacted into Law
Text Versions (4)
Committee Reports (1)
Related Bills (3)
S. 2155
Economic Growth, Regulatory Relief, and Consumer Protection Act
H.Res. 242
Providing for consideration of the bill (H.R. 1219) to amend the Investment Company Act of 1940 to expand the investor limitation for qualifying venture capital funds under an exemption from the definition of an investment company, and providing for proceedings during the period from April 7, 2017, through April 24, 2017.
S. 444
Supporting America's Innovators Act of 2017