S 444
115th Congress
Senate
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
Everywhere this bill has been
11 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 12, 2017
Held at the desk.
Sep 12, 2017
Message on Senate action sent to the House.
Sep 12, 2017
Received in the House.
Sep 11, 2017
Passed Senate without amendment by Unanimous Consent. (consideration: CR S5168; text: CR S5168)
Sep 11, 2017
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S5168; text: CR S5168)
Apr 26, 2017
Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 115-58.
Mar 13, 2017
Placed on Senate Legislative Calendar under General Orders. Calendar No. 12.
Mar 13, 2017
Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo without amendment. Without written report.
Mar 9, 2017
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported without amendment favorably.
Feb 27, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb 27, 2017
Introduced in Senate
Plain-English summary
(This measure has not been amended since it was introduced. The expanded summary of the Senate 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
Held at the desk.
Committees of jurisdiction
2
Cosponsors
1