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H.R. 4854 114th Congress House

Supporting America's Innovators Act of 2016

Official title: To amend the Investment Company Act of 1940 to expand the investor limitation for qualifying venture capital funds under an exemption from the definition of an investment company.

Introduced: June 8, 2016 See on congress.gov
Finance and Financial Sector Business investment and capitalFinancial services and investmentsSecurities
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 16 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
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
Placed on the Union Calendar, Calendar No. 511.
Jul 5, 2016
Reported (Amended) by the Committee on Financial Services. H. Rept. 114-660.
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
Introduced in House
Mar 23, 2016
Referred to the House Committee on Financial Services.
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
Jul 5, 2016 House · vote #349 On Motion to Suspend the Rules and Pass, as Amended Passed 388–9 See who voted →
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 Latest action July 6, 2016

Received in the Senate.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 2
  • HR 6427 Creating Financial Prosperity for Businesses and Investors Act
  • HR 5983 Financial CHOICE Act of 2016
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Republican 1
R
Schweikert, David
Arizona · Jun 8, 2016
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4854: Supporting America's Innovators Act of 2016. 114th Congress. Open America. https://openamerica.io/bill/114-HR-4854/
MLA
"H.R. 4854: Supporting America's Innovators Act of 2016." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-4854/.
Bluebook (legal)
H.R. 4854, 114th Cong. (2026), https://openamerica.io/bill/114-HR-4854/.
Markdown link
[H.R. 4854: Supporting America's Innovators Act of 2016](https://openamerica.io/bill/114-HR-4854/)
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