S. 444
IntroducedSupporting America's Innovators Act of 2017
Latest Action
Held at the desk.
9/12/2017 • House
Summary
(This measure has not been amended since it was introduced. The expanded summary of the Senate 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 Senate without amendment • 9/11/2017
Topics & Subjects
CBO Cost Estimates (1)
Congressional Votes (0)
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Related Federal Spending
Sponsor & Cosponsors (3)
Party Breakdown
Sponsor
Cosponsors (2)
Bill Journey
Originated in the Senate
Introduced
February 27, 2017
Committee Review
March 9, 2017
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported without amendment favorably.
Floor Debate
September 11, 2017
Passed Chamber
Other Chamber
September 12, 2017
President
Enacted into Law