HR 4854
114th Congress
House
Finance and Financial Sector
Business investment and capital
Financial services and investments
Securities
Supporting America's Innovators Act of 2016
Introduced: March 23, 2016
See on congress.gov
Everywhere this bill has been
17 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 6, 2016
Received in the Senate.
Jul 5, 2016
Motion to reconsider laid on the table Agreed to without objection.
Jul 5, 2016
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)
Jul 5, 2016
Passed/agreed to in House: 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)
Jul 5, 2016
Considered as unfinished business. (consideration: CR H4244)
Jul 5, 2016
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.
Jul 5, 2016
DEBATE - The House proceeded with forty minutes of debate on H.R. 4854.
Jul 5, 2016
Considered under suspension of the rules. (consideration: CR H4235-4236)
Jul 5, 2016
Mr. Garrett moved to suspend the rules and pass the bill, as amended.
Jul 5, 2016
Reported (Amended) by the Committee on Financial Services. H. Rept. 114-660.
Jul 5, 2016
Placed on the Union Calendar, Calendar No. 511.
Jun 16, 2016
Ordered to be Reported (Amended) by the Yeas and Nays: 57 - 2.
Jun 16, 2016
Committee Consideration and Mark-up Session Held.
Jun 15, 2016
Committee Consideration and Mark-up Session Held.
Apr 14, 2016
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
Mar 23, 2016
Referred to the House Committee on Financial Services.
Mar 23, 2016
Introduced in House
Votes taken on this bill
1
| Date | Chamber | What was voted on | Result | Yes–No | |
|---|---|---|---|---|---|
| Jul 5, 2016 | House · vote #349 | On Motion to Suspend the Rules and Pass, as Amended | Passed | 388–9 | See who voted → |
Plain-English summary
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 250 persons.
The bill defines "qualifying venture capital fund" as one with no more than $10 million (annually adjusted for inflation) in invested capital.
What's happening now
Received in the Senate.
Committees of jurisdiction
2
Cosponsors
1