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H.R. 1219: Supporting America's Innovators Act of 2017

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H.R. 1219: Supporting America's Innovators Act of 2017

115th Congress · introduced 2017-02-27 · Finance and Financial Sector · Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2017-02-27 · official record
  2. Who proposed it: Rep. McHenry, Patrick T. [R-NC-10] · what a sponsor is
  3. What happened next: 1 recorded vote in our records. Latest: House roll call 221 (2017): On Passage, HR1219 (2017-04-06), Passed. See all
  4. Where it stands now: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Supporting America's Innovators Act of 2017

Plain summary

(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.

Congressional Research Service summary (Passed House without amendment), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

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 2017

Source: Congressional Research Service summary (Passed House without amendment)

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The strongest published arguments

Arguments for (supporters)

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Alternatives

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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] · 4 cosponsors

Cost estimate: CBO cost estimate: H.R. 1219, Supporting America’s Innovators Act of 2017 (2017-03-23)

Cosponsors on this site

Nydia M. Velázquez (D-NY), Brad Sherman (D-CA), Josh Gottheimer (D-NJ)

Recorded votes

Words on this page, explained (2)
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.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong115-hr1219 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115