Skip to main content
HR 1219 115th Congress House Finance and Financial Sector Business investment and capital Financial services and investments

Supporting America's Innovators Act of 2017

Introduced: February 27, 2017 See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 16 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 6, 2017
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 6, 2017
Motion to reconsider laid on the table Agreed to without objection.
Apr 6, 2017
On passage Passed by the Yeas and Nays: 417 - 3 (Roll no. 221). (text: CR H2759)
Apr 6, 2017
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 417 - 3 (Roll no. 221).(text: CR H2759)
Apr 6, 2017
The previous question was ordered pursuant to the rule.
Apr 6, 2017
DEBATE - The House proceeded with one hour of debate on H.R. 1219.
Apr 6, 2017
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
Apr 6, 2017
Considered under the provisions of rule H. Res. 242. (consideration: CR H2759-2767)
Apr 5, 2017
Rule H. Res. 242 passed House.
Apr 3, 2017
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
Mar 29, 2017
Placed on the Union Calendar, Calendar No. 41.
Mar 29, 2017
Reported by the Committee on Financial Services. H. Rept. 115-70.
Mar 9, 2017
Ordered to be Reported by the Yeas and Nays: 54 - 2.
Mar 9, 2017
Committee Consideration and Mark-up Session Held.
Feb 27, 2017
Referred to the House Committee on Financial Services.
Feb 27, 2017
Introduced in House
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
Apr 6, 2017 House · vote #221 On Passage Passed 417–3 See who voted →
 Plain-English summary Congressional Research Service

(This measure has not been amended since it was introduced. The expanded summary of the House 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.

What's happening now April 6, 2017

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 3