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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (4)

Short Titles

Short Titles - House of Representatives

Short Titles as Passed House

Supporting America's Innovators Act of 2017

Short Titles as Reported to House

Supporting America's Innovators Act of 2017

Short Titles as Introduced

Supporting America's Innovators Act of 2017

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To amend the Investment Company Act of 1940 to expand the investor limitation for qualifying venture capital funds under an exemption from the definition of an investment company.


Actions Overview (3)

Date Actions Overview
04/06/2017Passed/agreed to in House: On passage Passed by the Yeas and Nays: 417 - 3 (Roll no. 221).(text: CR H2759)
03/29/2017Reported by the Committee on Financial Services. H. Rept. 115-70.
02/27/2017Introduced in House

All Actions (15)

Date Chamber All Actions
04/06/2017SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
04/06/2017-10:32amHouseMotion to reconsider laid on the table Agreed to without objection.
04/06/2017-10:32amHouseOn passage Passed by the Yeas and Nays: 417 - 3 (Roll no. 221). (text: CR H2759)
04/06/2017-10:06amHouseThe previous question was ordered pursuant to the rule.
04/06/2017-9:16amHouseDEBATE - The House proceeded with one hour of debate on H.R. 1219.
04/06/2017-9:15amHouseRule 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
04/06/2017-9:15amHouseConsidered under the provisions of rule H. Res. 242. (consideration: CR H2759-2767)
04/05/2017-2:06pmHouseRule H. Res. 242 passed House.
04/03/2017-7:10pmHouseRules 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
03/29/2017HousePlaced on the Union Calendar, Calendar No. 41.
03/29/2017HouseReported by the Committee on Financial Services. H. Rept. 115-70.
03/09/2017HouseOrdered to be Reported by the Yeas and Nays: 54 - 2.
Action By: Committee on Financial Services
03/09/2017HouseCommittee Consideration and Mark-up Session Held.
Action By: Committee on Financial Services
02/27/2017HouseReferred to the House Committee on Financial Services.
02/27/2017HouseIntroduced in House

Cosponsors (4)

* = Original cosponsor
CosponsorDate Cosponsored
Rep. Velazquez, Nydia M. [D-NY-7]* 02/27/2017
Rep. Hollingsworth, Trey [R-IN-9] 03/08/2017
Rep. Sherman, Brad [D-CA-30] 03/16/2017
Rep. Gottheimer, Josh [D-NJ-5] 03/20/2017

Committees (2)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Related Documents
House Financial Services02/27/2017 Referred to
03/09/2017 Markup by
03/29/2017 Reported by H. Rept. 115-70
Senate Banking, Housing, and Urban Affairs04/06/2017 Referred to

A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-congress measures.


Subjects (3)


Latest Summary (3)

There are 3 summaries for H.R.1219. View summaries

Shown Here:
Passed House without amendment (04/06/2017)

(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.