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Bill115th CongressFiled Feb 27, 2017Finance and Financial Sector
S. 444

Supporting America's Innovators Act of 2017

Bill journey · stage 1 of 5

Just introduced

Filed
Comm.
Floor
Both
Law

What it doesSummary passed senate without amendment (Sep 11, 2017)

(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.

What just happenedSep 12, 2017

Held at the desk.

Who’s behind it

Sen. Heitkamp, Heidi [D-ND](D-ND)Sponsor
2 cosponsors1 D1 R
Read on Congress.gov
2cosponsors2committees12actions1related bills2subjects
  1. Sep 12, 2017FloorH15000

    Held at the desk.

  2. Sep 12, 2017Floor

    Message on Senate action sent to the House.

  3. Sep 12, 2017FloorH14000

    Received in the House.

  4. Sep 11, 2017Floor

    Passed Senate without amendment by Unanimous Consent. (consideration: CR S5168; text: CR S5168)

  5. Sep 11, 2017Floor17000

    Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S5168; text: CR S5168)

  6. Apr 26, 2017Committee

    Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 115-58.

    Small Business and Entrepreneurship Committee
  7. Mar 13, 2017Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 12.

  8. Mar 13, 2017Committee

    Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo without amendment. Without written report.

    Banking, Housing, and Urban Affairs Committee
  9. Mar 13, 2017Committee14000

    Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo without amendment. Without written report.

    Banking, Housing, and Urban Affairs Committee
  10. Mar 9, 2017Committee

    Committee on Banking, Housing, and Urban Affairs. Ordered to be reported without amendment favorably.

    Banking, Housing, and Urban Affairs Committee
  11. Feb 27, 2017IntroReferral

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

    Banking, Housing, and Urban Affairs Committee
  12. Feb 27, 2017IntroReferral10000

    Introduced in Senate

Passed Senate without amendmentSep 11, 201782

(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.

Reported to Senate without amendmentMar 13, 201780

(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 SenateFeb 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