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                       MARCH 29, 2017  
                       
 
                 RULES COMMITTEE PRINT 115-12  
                 
         TEXT OF H.R. 1219, SUPPORTING AMERICA'S
                 INNOVATORS ACT OF 2017  


      [Showing the text of H.R. 1219 as ordered reported by the  
                 Committee on Financial Services.]  


1  SECTION 1. SHORT TITLE.  

2       This Act may be cited as the ''Supporting America's  

3  Innovators Act of 2017''.  

4  SEC. 2. INVESTOR LIMITATION FOR QUALIFYING VENTURE  

5                 CAPITAL FUNDS.  

6       Section 3(c)(1) of the Investment Company Act of  

7  1940 (15 U.S.C. 80a-3(c)(1)) is amended-- 

8            (1) in the matter preceding subparagraph (A),  

9       by inserting ''(or, in the case of a qualifying venture  

10      capital fund, 250 persons)'' after ''one hundred per- 

11      sons''; and  

12            (2) by adding at the end the following:  

13                 ''(C)(i) The term 'qualifying venture cap- 

14            ital fund' means a venture capital fund that has  

15            not more than $10,000,000 in aggregate capital  
   
16            contributions and uncalled committed capital,  
  
17            with such dollar amount to be indexed for infla- 

18            tion once every 5 years by the Commission, be- 

l:\vr\032917\R032917.008.xml 
March 29, 2017 (4:43 p.m.) 



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