Legis Daily

Supporting America's Innovators Act of 2017

USA115th CongressS-444| Senate 
| Updated: 9/12/2017
Heidi Heitkamp

Heidi Heitkamp

Democratic Senator

North Dakota

Cosponsors (2)
Dean Heller (Republican)Mark R. Warner (Democratic)

Small Business and Entrepreneurship Committee, Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
(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.

Bill Text Versions

View Text
3 versions available

Suggested Questions

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Timeline
Feb 27, 2017
Introduced in Senate
Feb 27, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 9, 2017
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported without amendment favorably.
Mar 13, 2017
Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo without amendment. Without written report.
Mar 13, 2017
Placed on Senate Legislative Calendar under General Orders. Calendar No. 12.
Apr 6, 2017

Latest Companion Bill Action

HR 115-1219
Motion to reconsider laid on the table Agreed to without objection.
Apr 26, 2017
Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 115-58.
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)
Sep 12, 2017
Message on Senate action sent to the House.
Sep 12, 2017
Received in the House.
Sep 12, 2017
Held at the desk.
  • February 27, 2017
    Introduced in Senate


  • February 27, 2017
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • March 9, 2017
    Committee on Banking, Housing, and Urban Affairs. Ordered to be reported without amendment favorably.


  • March 13, 2017
    Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo without amendment. Without written report.


  • March 13, 2017
    Placed on Senate Legislative Calendar under General Orders. Calendar No. 12.


  • April 6, 2017

    Latest Companion Bill Action

    HR 115-1219
    Motion to reconsider laid on the table Agreed to without objection.


  • April 26, 2017
    Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 115-58.


  • September 11, 2017
    Passed Senate without amendment by Unanimous Consent. (consideration: CR S5168; text: CR S5168)


  • September 11, 2017
    Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S5168; text: CR S5168)


  • September 12, 2017
    Message on Senate action sent to the House.


  • September 12, 2017
    Received in the House.


  • September 12, 2017
    Held at the desk.

Finance and Financial Sector

Related Bills

  • HR 115-1219: Supporting America's Innovators Act of 2017
Business investment and capitalFinancial services and investments

Supporting America's Innovators Act of 2017

USA115th CongressS-444| Senate 
| Updated: 9/12/2017
(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.

Bill Text Versions

View Text
3 versions available

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 27, 2017
Introduced in Senate
Feb 27, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 9, 2017
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported without amendment favorably.
Mar 13, 2017
Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo without amendment. Without written report.
Mar 13, 2017
Placed on Senate Legislative Calendar under General Orders. Calendar No. 12.
Apr 6, 2017

Latest Companion Bill Action

HR 115-1219
Motion to reconsider laid on the table Agreed to without objection.
Apr 26, 2017
Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 115-58.
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)
Sep 12, 2017
Message on Senate action sent to the House.
Sep 12, 2017
Received in the House.
Sep 12, 2017
Held at the desk.
  • February 27, 2017
    Introduced in Senate


  • February 27, 2017
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • March 9, 2017
    Committee on Banking, Housing, and Urban Affairs. Ordered to be reported without amendment favorably.


  • March 13, 2017
    Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo without amendment. Without written report.


  • March 13, 2017
    Placed on Senate Legislative Calendar under General Orders. Calendar No. 12.


  • April 6, 2017

    Latest Companion Bill Action

    HR 115-1219
    Motion to reconsider laid on the table Agreed to without objection.


  • April 26, 2017
    Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 115-58.


  • September 11, 2017
    Passed Senate without amendment by Unanimous Consent. (consideration: CR S5168; text: CR S5168)


  • September 11, 2017
    Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S5168; text: CR S5168)


  • September 12, 2017
    Message on Senate action sent to the House.


  • September 12, 2017
    Received in the House.


  • September 12, 2017
    Held at the desk.
Heidi Heitkamp

Heidi Heitkamp

Democratic Senator

North Dakota

Cosponsors (2)
Dean Heller (Republican)Mark R. Warner (Democratic)

Small Business and Entrepreneurship Committee, Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 115-1219: Supporting America's Innovators Act of 2017
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business investment and capitalFinancial services and investments