S. 444 · 115th Congress
Supporting America's Innovators Act of 2017
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Passed the Senate without a recorded vote, then expired. It passed by voice vote or unanimous consent, which don't record how each member voted, but didn't become law before the 115th Congress ended.
D
HeitkampSponsor2 cosponsors · 1 D, 1 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- Senate Introduced Feb 27, 2017
- Senate Passed Sep 11, 2017
What it does: CRS summary · Passed Senate without amendment · Sep 11, 2017
(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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Supporting America's Innovators Act of 2017
Latest action (Sep 12, 2017): Held at the desk.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Feb 27, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
- Senate Introduced Feb 27, 2017
- Senate Passed Sep 11, 2017
No recorded floor vote found.