Senate Bill 444
115th Congress(2017-2018)
Supporting America's Innovators Act of 2017
Active
Passed Senate on Sep 11, 2017
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
444
Congress
115
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
checkPassed on September 11, 2017
Status
Passed
Type
Unanimous Consent
Unanimous Consent
A senator may request unanimous consent on the floor to set aside a specified rule of procedure so as to expedite proceedings. If no Senator objects, the Senate permits the action, but if any one senator objects, the request is rejected. Unanimous consent requests with only immediate effects are routinely granted, but ones affecting the floor schedule, the conditions of considering a bill or other business, or the rights of other senators, are normally not offered, or a floor leader will object to it, until all senators concerned have had an opportunity to inform the leaders that they find it acceptable.
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S5168; text: CR S5168)
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.
September 11, 2017
March 13, 2017
February 27, 2017
Sort by most recent
09/12/2017
Held at the desk.
09/12/2017
Message on Senate action sent to the House.
09/12/2017
Received in the House.
09/11/2017
Passed Senate without amendment by Unanimous Consent. (consideration: CR S5168; text: CR S5168)
09/11/2017
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S5168; text: CR S5168)
04/26/2017
Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 115-58.
03/13/2017
Placed on Senate Legislative Calendar under General Orders. Calendar No. 12.
03/13/2017
Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo without amendment. Without written report.
03/09/2017
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported without amendment favorably.
02/27/2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
02/27/2017
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:34:45 PM