H.R. 4854: Supporting America's Innovators Act of 2016
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H.R. 4854: Supporting America's Innovators Act of 2016
114th Congress · introduced 2016-03-23 · Finance and Financial Sector · Latest: Received in the Senate.
federal
Follow this bill, step by step
- Where it came from: introduced 2016-03-23 · official record
- Who proposed it: Rep. McHenry, Patrick T. [R-NC-10] · what a sponsor is
- What happened next: 1 recorded vote in our records. Latest: House roll call 349 (2016): On Motion to Suspend the Rules and Pass, as Amended, HR4854 (2016-07-05), Passed. See all
- Where it stands now: Received in the Senate. Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
Supporting America's Innovators Act of 2016
Plain summary
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.
Congressional Research Service summary (Passed House amended), quoted unchanged (nonpartisan). Read the source.
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If it passes both chambers and is signed, it becomes law.
A “Nay” vote
If it is not passed, current law stays as it is.
PSI Sci description of the legislative step (not an opinion).
What does this mean? (plain words)
Official text
Supporting America's Innovators Act of 2016
Source: Congressional Research Service summary (Passed House amended)
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Rep. McHenry, Patrick T. [R-NC-10] · 1 cosponsors
Cost estimate: CBO cost estimate: H.R. 4854, Supporting America’s Innovators Act of 2016 (2016-07-01)
Cosponsors on this site
David Schweikert (R-AZ)
Recorded votes
- House roll call 349 (2016): On Motion to Suspend the Rules and Pass, as Amended, HR4854 (2016-07-05): Passed
Words on this page, explained (3)
- Bill
- A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
- Exemption
- A rule that removes certain people, property or activities from a tax or requirement.
- Securities
- Financial investments that can be bought and sold, such as stocks and bonds.
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Passed House amended)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-114hr4854.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/114/hr>
Record fed-us-cong114-hr4854 · catalog fed-us-congress-bills-cong114 · updated 2026-11-15 by psicol fed-bills-cong114