Supporting America's Innovators Act of 2017
- Last Action
- 9/12/2017
Actions
- 2017-09-12Held at the desk.
- 2017-09-12Message on Senate action sent to the House.
- 2017-09-12Received in the House.
- 2017-09-11Passed Senate without amendment by Unanimous Consent. (consideration: CR S5168; text: CR S5168)
- 2017-09-11Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S5168; text: CR S5168)
- 2017-04-26Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 115-58.
- 2017-03-13Placed on Senate Legislative Calendar under General Orders. Calendar No. 12.
- 2017-03-13Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo without amendment. Without written report.
- 2017-03-13Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo without amendment. Without written report.
- 2017-03-09Committee on Banking, Housing, and Urban Affairs. Ordered to be reported without amendment favorably.
- 2017-02-27Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2017-02-27Introduced in Senate
CRS Summary
As of 2017-09-11 (82)
(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.
Cosponsors (2)
- Dean Heller (R-NV)
- Mark Warner (D-VA)
Subjects
- Business investment and capital
- Financial services and investments
Sourced from Congress.gov (public domain).
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