H.R.4854 - Supporting America's Innovators Act of 2016114th Congress (2015-2016)
|Sponsor:||Rep. McHenry, Patrick T. [R-NC-10] (Introduced 03/23/2016)|
|Committees:||House - Financial Services|
|Committee Reports:||H. Rept. 114-660|
|Latest Action:||Senate - 07/06/2016 Received in the Senate. (All Actions)|
|Roll Call Votes:||There has been 1 roll call vote|
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Passed House
Summary: H.R.4854 — 114th Congress (2015-2016)All Information (Except Text)
Passed House amended (07/05/2016)
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.