H.R. 4854House114th Congress (2015-2017)Passed House

Supporting America's Innovators Act of 2016

Legislative Activity

Stay on top of the latest movement without scrolling through every action

16 earlier actions

SenateIntro Referral Latest Action

Received in the Senate.

July 6, 2016

View full timeline

HouseIntro Referral

Introduced in House

March 23, 2016

HouseIntro Referral

Referred to the House Committee on Financial Services.

Financial Services Committee

March 23, 2016

HouseCommittee

Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.

Capital Markets Subcommittee

April 14, 2016

HouseCommittee

Committee Consideration and Mark-up Session Held.

Financial Services Committee

June 15, 2016

HouseCommittee

Committee Consideration and Mark-up Session Held.

Financial Services Committee

June 16, 2016

HouseCommittee

Ordered to be Reported (Amended) by the Yeas and Nays: 57 - 2.

Financial Services Committee

June 16, 2016

HouseCommittee

Reported (Amended) by the Committee on Financial Services. H. Rept. 114-660.

Financial Services Committee

July 5, 2016

HouseCalendars

Placed on the Union Calendar, Calendar No. 511.

July 5, 2016

HouseFloor

Mr. Garrett moved to suspend the rules and pass the bill, as amended.

July 5, 2016 • 5:53 PM

HouseFloor

Considered under suspension of the rules. (consideration: CR H4235-4236)

July 5, 2016 • 5:54 PM

HouseFloor

DEBATE - The House proceeded with forty minutes of debate on H.R. 4854.

July 5, 2016 • 5:54 PM

HouseFloor

At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

July 5, 2016 • 6:06 PM

HouseFloor

Considered as unfinished business. (consideration: CR H4244)

July 5, 2016 • 7:28 PM

HouseFloor

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 388 - 9 (Roll no. 349).(text: CR H4235)

View vote Passed

July 5, 2016 • 7:34 PM

HouseFloor

On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 388 - 9 (Roll no. 349). (text: CR H4235)

View vote Passed

July 5, 2016 • 7:34 PM

HouseFloor

Motion to reconsider laid on the table Agreed to without objection.

July 5, 2016 • 7:34 PM

SenateIntro Referral

Received in the Senate.

July 6, 2016

Voting History

1 vote recorded • Roll call available

HOUSE

Roll Call Available

July 5, 2016 at 7:33 PM

On Motion to Suspend the Rules and Pass, as Amended

Majority required: 2/3 (66.7%)

Passed

388 - 9

Bill Text

4 versions available

Reading Mode

Raw Text PDF XML

Received in SenateIssued July 6, 2016

114th CONGRESS

2d Session

H. R. 4854

IN THE SENATE OF THE UNITED STATES

July 6, 2016

Received

AN ACT

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.

Short title

This Act may be cited as the Supporting America’s Innovators Act of 2016.

Investor limitation for qualifying venture capital funds

Section 3(c)(1) of the Investment Company Act of 1940 (15 U.S.C. 80a–3(c)(1)) is amended—

(1)

by inserting after one hundred persons the following: (or, with respect to a qualifying venture capital fund, 250 persons); and

(2)

by adding at the end the following:

(C)

The term qualifying venture capital fund means any venture capital fund (as defined pursuant to section 203(l)(1) of the Investment Advisers Act of 1940 (15 U.S.C. 80b–3(l)(1)) with no more than $10,000,000 in invested capital, as such dollar amount is annually adjusted by the Commission to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the Department of Labor.

Passed the House of Representatives July 5, 2016.

Karen L. Haas,

Clerk.