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(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.
Written by the nonpartisan Congressional Research Service, describing H.R. 1219 as passed House without amendment on Apr 6, 2017. It is not the text of the measure; a later amendment may have changed what it does.
House Apr 6, 2017
Supporting America’s Innovators Act
Passed
417 Yea 3 Nay 9 not voting
Crossed both parties 3 of 420 voting members broke with their own party: 2 Democrats, 1 Republican.
DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present
429 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. 1219 and vote against it. 1 signed when it was filed.
Organizations that named H.R. 1219 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.
33 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.