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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.
Written by the nonpartisan Congressional Research Service, describing H.R. 4854 as passed House amended on Jul 5, 2016. It is not the text of the measure; a later amendment may have changed what it does.
House Jul 5, 2016
Supporting America’s Innovators Act of 2016
Passed · Two-thirds required
388 Yea 9 Nay 36 not voting
Crossed both parties 9 of 397 voting members broke with their own party: 7 Democrats, 2 Republicans.
DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present
433 members on this roll call, from the official House record. Party majorities need at least five voting members, so an independent never counts as breaking with a party.
Signing on is not a vote: a member can cosponsor H.R. 4854 and vote against it. 0 signed when it was filed.
Organizations that named H.R. 4854 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.
25 disclosures name this measure. Retrieved from LDA.gov on 2026-10-05. Senate Office of Public Records cannot vouch for the data or analyses derived from these data after the data have been retrieved from LDA.gov.