Supporting America's Innovators Act of 2016
This bill amends the Investment Company Act of 1940 to exempt from its coverage any issuer whose outstanding securities with respect to a qualifying venture capital fund (other than short-term paper) are beneficially owned by not more than 500 persons.
The bill defines qualifying venture capital fund as one that does not purchase more than $10 million (annually adjusted for inflation) in securities of any one issuer.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2016-07-06 | IntroReferral | Received in the Senate. | Senate |
| 2016-07-05 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2016-07-05 | Vote | On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 388 - 9 (Roll no. 349). (text: CR H4235) | House floor actions |
| 2016-07-05 | Floor | Considered as unfinished business. (consideration: CR H4244) | House floor actions |
| 2016-07-05 | Floor | At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. | House floor actions |
| 2016-07-05 | Floor | DEBATE - The House proceeded with forty minutes of debate on H.R. 4854. | House floor actions |
| 2016-07-05 | Floor | Considered under suspension of the rules. (consideration: CR H4235-4236) | House floor actions |
| 2016-07-05 | Floor | Mr. Garrett moved to suspend the rules and pass the bill, as amended. | House floor actions |
| 2016-07-05 | Calendars | Placed on the Union Calendar, Calendar No. 511. | House floor actions |
| 2016-07-05 | Committee | Reported (Amended) by the Committee on Financial Services. H. Rept. 114-660. | House floor actions |
| 2016-06-16 | Committee | Ordered to be Reported (Amended) by the Yeas and Nays: 57 - 2. | House committee actions |
| 2016-06-16 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2016-06-15 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2016-04-14 | Committee | Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral. | House committee actions |
| 2016-03-23 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2016-03-23 | IntroReferral | Introduced in House | Library of Congress |