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.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2017-04-06 | IntroReferral | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate |
| 2017-04-06 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2017-04-06 | Vote | On passage Passed by the Yeas and Nays: 417 - 3 (Roll no. 221). (text: CR H2759) | House floor actions |
| 2017-04-06 | Floor | The previous question was ordered pursuant to the rule. | House floor actions |
| 2017-04-06 | Floor | DEBATE - The House proceeded with one hour of debate on H.R. 1219. | House floor actions |
| 2017-04-06 | Floor | 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 | House floor actions |
| 2017-04-06 | Floor | Considered under the provisions of rule H. Res. 242. (consideration: CR H2759-2767) | House floor actions |
| 2017-04-05 | Floor | Rule H. Res. 242 passed House. | House floor actions |
| 2017-04-03 | Floor | 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 | House floor actions |
| 2017-03-29 | Calendars | Placed on the Union Calendar, Calendar No. 41. | House floor actions |
| 2017-03-29 | Committee | Reported by the Committee on Financial Services. H. Rept. 115-70. | House floor actions |
| 2017-03-09 | Committee | Ordered to be Reported by the Yeas and Nays: 54 - 2. | House committee actions |
| 2017-03-09 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2017-02-27 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2017-02-27 | IntroReferral | Introduced in House | Library of Congress |