Supporting America's Innovators Act of 2017

Summary

Supporting America's Innovators Act of 2017 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.

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Documents

9 official files

• Engrossed in Senate (text)

  Engrossed in Senate · EN · 11 September 2017

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• Engrossed in Senate (PDF)

  Engrossed in Senate · EN · 11 September 2017

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• Passed Senate without amendment

  summary · EN · 11 September 2017

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• Reported to Senate (text)

  Reported to Senate · EN · 13 March 2017

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• Reported to Senate (PDF)

  Reported to Senate · EN · 13 March 2017

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• Reported to Senate without amendment

  summary · EN · 13 March 2017

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• Introduced in Senate (text)

  Introduced in Senate · EN · 27 February 2017

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 27 February 2017

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• Introduced in Senate

  summary · EN · 27 February 2017

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