VoterlyH.R. 1219: Supporting America's Innovators Act of 2017
115th Congress · Sponsored from North Carolina · In committee
What this bill does
(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.
Key facts
- Status In committee
- Introduced 2017-02-27
- Policy area Finance and Financial Sector
- Cosponsors 4
- Latest action Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsor
Who funds the sponsor?
Rep. McHenry, Patrick T. [R-NC-10] introduced H.R. 1219. On Voterly you can see their top campaign donors from public Federal Election Commission records — individuals, PACs, and industry groups (follow the money) — and compare that with how they vote.
See Rep. McHenry, Patrick T. [R-NC-10]'s donors & voting record →
Campaign donations show who helps fund the sponsor's election; they are not the same as who drafted or lobbied for the bill text. Lobbying disclosures are separate public records.
Take a position & compare alignment
Agree or disagree with H.R. 1219? Go to the homepage to record your view and compare your stance with how your representatives vote. See Rep. McHenry, Patrick T. [R-NC-10]'s profile to vote on their bills and check your alignment % with the sponsor.
Read the official text on Congress.gov →
Frequently asked questions
What does H.R. 1219 do?
(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…
Who sponsored H.R. 1219?
Rep. McHenry, Patrick T. [R-NC-10] (R) of North Carolina is the lead sponsor.
How do I find out who funds or lobbies for H.R. 1219?
Campaign-finance records (Federal Election Commission) show who funds the bill's sponsor. Separately, federal lobbying disclosures filed under the Lobbying Disclosure Act list the companies and lobbyists who reported lobbying on specific bills. Voterly links the sponsor's donors; lobbying records are public at the U.S. Senate and House lobbying databases.
Is H.R. 1219 now law?
Not yet. The current status is "In committee." See the latest action above for details.