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Bill115th CongressFiled Feb 27, 2017Finance and Financial Sector
H.R. 1219

Supporting America's Innovators Act of 2017

Bill journey · stage 2 of 5

Under committee review

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Law

What it doesSummary passed house without amendment (Apr 6, 2017)

(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.

What just happenedApr 6, 2017

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Who’s behind it

Rep. McHenry, Patrick T. [R-NC-10](R-NC)Sponsor
4 cosponsors3 D1 R
Read on Congress.gov
4cosponsors2committees18actions3related bills2subjects
  1. Apr 6, 2017IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Banking, Housing, and Urban Affairs Committee
  2. Apr 6, 2017FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Apr 6, 2017FloorH37100

    On passage Passed by the Yeas and Nays: 417 - 3 (Roll no. 221). (text: CR H2759)

  4. Apr 6, 2017Floor8000

    Passed/agreed to in House: On passage Passed by the Yeas and Nays: 417 - 3 (Roll no. 221).(text: CR H2759)

  5. Apr 6, 2017FloorH35000

    The previous question was ordered pursuant to the rule.

  6. Apr 6, 2017FloorH8D000

    DEBATE - The House proceeded with one hour of debate on H.R. 1219.

  7. Apr 6, 2017FloorH8D000

    Rule provides for consideration of H.R. 1219 with 1 hour of general debate. The resolution provides for one motion to recommit; and providing for proceedings during the period from April 7, 2017 through April 24, 2017

  8. Apr 6, 2017FloorH30000

    Considered under the provisions of rule H. Res. 242. (consideration: CR H2759-2767)

  9. Apr 5, 2017FloorH1L220

    Rule H. Res. 242 passed House.

  10. Apr 3, 2017FloorH1L210

    Rules Committee Resolution H. Res. 242 Reported to House. Rule provides for consideration of H.R. 1219 with 1 hour of general debate. The resolution provides for one motion to recommit; and providing for proceedings during the period from April 7, 2017 through April 24, 2017

  11. Mar 29, 2017CalendarsH12410

    Placed on the Union Calendar, Calendar No. 41.

  12. Mar 29, 2017CommitteeH12200

    Reported by the Committee on Financial Services. H. Rept. 115-70.

    Financial Services Committee
  13. Mar 29, 2017Committee5000

    Reported by the Committee on Financial Services. H. Rept. 115-70.

    Financial Services Committee
  14. Mar 9, 2017Committee

    Ordered to be Reported by the Yeas and Nays: 54 - 2.

    Financial Services Committee
  15. Mar 9, 2017Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  16. Feb 27, 2017IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  17. Feb 27, 2017IntroReferralIntro-H

    Introduced in House

  18. Feb 27, 2017IntroReferral1000

    Introduced in House

Passed House without amendmentApr 6, 201781

(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.

Reported to House without amendmentMar 29, 201779

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

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.

Introduced in HouseFeb 27, 2017

Supporting America's Innovators Act of 2017

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.

Supporting America's Innovators Act of 2017 — Informed