Supporting America's Innovators Act of 2017
- Last Action
- 4/6/2017
Actions
- 2017-04-06Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2017-04-06Motion to reconsider laid on the table Agreed to without objection.
- 2017-04-06On passage Passed by the Yeas and Nays: 417 - 3 (Roll no. 221). (text: CR H2759)
- 2017-04-06Passed/agreed to in House: On passage Passed by the Yeas and Nays: 417 - 3 (Roll no. 221).(text: CR H2759)
- 2017-04-06The previous question was ordered pursuant to the rule.
- 2017-04-06DEBATE - The House proceeded with one hour of debate on H.R. 1219.
- 2017-04-06Rule 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
- 2017-04-06Considered under the provisions of rule H. Res. 242. (consideration: CR H2759-2767)
- 2017-04-05Rule H. Res. 242 passed House.
- 2017-04-03Rules 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
- 2017-03-29Placed on the Union Calendar, Calendar No. 41.
- 2017-03-29Reported by the Committee on Financial Services. H. Rept. 115-70.
- 2017-03-29Reported by the Committee on Financial Services. H. Rept. 115-70.
- 2017-03-09Ordered to be Reported by the Yeas and Nays: 54 - 2.
- 2017-03-09Committee Consideration and Mark-up Session Held.
Showing 15 of 18 actions. Full history on Congress.gov.
CRS Summary
As of 2017-04-06 (81)
(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.
Cosponsors (4)
- NYDIA VELAZQUEZ (D-NY)
- Trey Hollingsworth (R-IN)
- BRAD SHERMAN (D-CA)
- Josh Gottheimer (D-NJ)
Subjects
- Business investment and capital
- Financial services and investments
Sourced from Congress.gov (public domain).
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