S 444 · 115th Congress · Finance and Financial Sector
Supporting America's Innovators Act of 2017
Bill Progress
✓
Introduced✓
Committee✓
Senate Vote4
House5
EnactedLatest: Held at the desk.(2017-09-12)
Plain Language Summary
[AI summary unavailable — showing source text]
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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeS. 444, Supporting America’s Innovators Act of 2017
Mar 23, 2017As reported by the Senate Committee on Banking, Housing, and Urban Affairs on March 13, 2017
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office