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    <updateDate>2023-01-11T13:34:45Z</updateDate>
    <updateDateIncludingText>2023-01-11T13:34:45Z</updateDateIncludingText>
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    <introducedDate>2017-02-27</introducedDate>
    <congress>115</congress>
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            <name>Hearings by</name>
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            <date>2017-03-13T22:33:40Z</date>
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            <name>Markup by</name>
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            <name>Referred to</name>
            <date>2017-02-27T18:02:32Z</date>
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      <item>
        <title>Supporting America's Innovators Act of 2017</title>
        <congress>115</congress>
        <number>1219</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2017-04-06</actionDate>
          <text>Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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        <actionDate>2017-09-12</actionDate>
        <actionTime>19:59:42</actionTime>
        <text>Held at the desk.</text>
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          <name>Senate</name>
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        <text>Message on Senate action sent to the House.</text>
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        <actionDate>2017-09-12</actionDate>
        <actionTime>17:06:17</actionTime>
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          <code>2</code>
          <name>House floor actions</name>
        </sourceSystem>
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      <item>
        <actionDate>2017-09-11</actionDate>
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          <name>Senate</name>
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        <text>Passed Senate without amendment by Unanimous Consent. (consideration: CR S5168; text: CR S5168)</text>
        <type>Floor</type>
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      <item>
        <actionDate>2017-09-11</actionDate>
        <text>Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S5168; text: CR S5168)</text>
        <type>Floor</type>
        <actionCode>17000</actionCode>
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          <name>Senate</name>
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        <text>Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 115-58.</text>
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        <actionDate>2017-03-13</actionDate>
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          <name>Senate</name>
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        <text>Placed on Senate Legislative Calendar under General Orders. Calendar No. 12.</text>
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        <actionDate>2017-03-13</actionDate>
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            <name>Banking, Housing, and Urban Affairs Committee</name>
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        <text>Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo without amendment. Without written report.</text>
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        <actionDate>2017-03-13</actionDate>
        <text>Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo without amendment. Without written report.</text>
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            <name>Banking, Housing, and Urban Affairs Committee</name>
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        <text>Committee on Banking, Housing, and Urban Affairs. Ordered to be reported without amendment favorably.</text>
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            <name>Banking, Housing, and Urban Affairs Committee</name>
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          <name>Senate</name>
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        <text>Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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        <actionDate>2017-02-27</actionDate>
        <text>Introduced in Senate</text>
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    <sponsors>
      <item>
        <bioguideId>H001069</bioguideId>
        <fullName>Sen. Heitkamp, Heidi [D-ND]</fullName>
        <firstName>Heidi</firstName>
        <lastName>Heitkamp</lastName>
        <party>D</party>
        <state>ND</state>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>H001041</bioguideId>
        <fullName>Sen. Heller, Dean [R-NV]</fullName>
        <firstName>Dean</firstName>
        <lastName>Heller</lastName>
        <party>R</party>
        <state>NV</state>
        <sponsorshipDate>2017-02-27</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>W000805</bioguideId>
        <fullName>Sen. Warner, Mark R. [D-VA]</fullName>
        <firstName>Mark</firstName>
        <lastName>Warner</lastName>
        <party>D</party>
        <state>VA</state>
        <middleName>R.</middleName>
        <sponsorshipDate>2017-03-06</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
    </cosponsors>
    <cboCostEstimates>
      <item>
        <pubDate>2017-03-23T16:47:00Z</pubDate>
        <title>S. 444, Supporting America’s Innovators Act of 2017</title>
        <url>https://www.cbo.gov/publication/52525</url>
        <description>As reported by the Senate Committee on Banking, Housing, and Urban Affairs on March 13, 2017</description>
      </item>
    </cboCostEstimates>
    <policyArea>
      <name>Finance and Financial Sector</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
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          <name>Business investment and capital</name>
        </item>
        <item>
          <name>Financial services and investments</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Finance and Financial Sector</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2017-02-27</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2017-04-06T18:27:06Z</updateDate>
        <text><![CDATA[ <p><strong>Supporting America's Innovators Act of 2017</strong></p> <p>This bill amends the Investment Company Act of 1940 to&nbsp;exempt from the&nbsp;definition of an "investment company," for purposes of&nbsp;specified limitations&nbsp;applicable to such&nbsp;a company&nbsp;under the Act,&nbsp;a qualifying venture capital fund that has no more than 250 investors. Specifically, the bill applies to a venture&nbsp;capital fund&nbsp;that has less than $10 million in aggregate capital contributions and uncalled committed capital.</p> <p>Under current law, a venture capital fund is considered to be an investment company if it has more than 100 investors.</p>]]></text>
      </summary>
      <summary>
        <versionCode>80</versionCode>
        <actionDate>2017-03-13</actionDate>
        <actionDesc>Reported to Senate without amendment</actionDesc>
        <updateDate>2017-07-13T18:52:04Z</updateDate>
        <text><![CDATA[ <p>(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)</p> <p><strong>Supporting America's Innovators Act of 2017</strong></p> <p>(Sec. 2) This bill amends the Investment Company Act of 1940 to&nbsp;exempt from the&nbsp;definition of an "investment company," for purposes of&nbsp;specified limitations&nbsp;applicable to such&nbsp;a company&nbsp;under the Act,&nbsp;a qualifying venture capital fund that has no more than 250 investors. Specifically, the bill applies to a venture&nbsp;capital fund&nbsp;that has less than $10 million in aggregate capital contributions and uncalled committed capital.</p> <p>Under current law, a venture capital fund is considered to be an investment company if it has more than 100 investors.</p>]]></text>
      </summary>
      <summary>
        <versionCode>82</versionCode>
        <actionDate>2017-09-11</actionDate>
        <actionDesc>Passed Senate without amendment</actionDesc>
        <updateDate>2018-02-20T21:04:41Z</updateDate>
        <text><![CDATA[ <p>(This measure has not been amended since it was introduced. The expanded summary of the Senate reported version is repeated here.) </p><p><strong>Supporting America's Innovators Act of 2017</strong></p> <p>(Sec. 2) This bill amends the Investment Company Act of 1940 to&nbsp;exempt from the&nbsp;definition of an "investment company," for purposes of&nbsp;specified limitations&nbsp;applicable to such&nbsp;a company&nbsp;under the Act,&nbsp;a qualifying venture capital fund that has no more than 250 investors. Specifically, the bill applies to a venture&nbsp;capital fund&nbsp;that has less than $10 million in aggregate capital contributions and uncalled committed capital.</p> <p>Under current law, a venture capital fund is considered to be an investment company if it has more than 100 investors.</p>]]></text>
      </summary>
    </summaries>
    <title>Supporting America's Innovators Act of 2017</title>
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        <titleType>Display Title</titleType>
        <title>Supporting America's Innovators Act of 2017</title>
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      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>A bill to amend the Investment Company Act of 1940 to expand the investor limitation for qualifying venture capital funds under an exemption from the definition of an investment company.</title>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
        <billTextVersionCode>IS</billTextVersionCode>
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        <titleType>Short Titles as Introduced</titleType>
        <title>Supporting America's Innovators Act of 2017</title>
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        <titleType>Short Titles as Reported to Senate</titleType>
        <title>Supporting America's Innovators Act of 2017</title>
        <chamberCode>S</chamberCode>
        <chamberName>Senate</chamberName>
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        <titleType>Short Titles as Passed Senate</titleType>
        <title>Supporting America's Innovators Act of 2017</title>
        <chamberCode>S</chamberCode>
        <chamberName>Senate</chamberName>
      </item>
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        <type>Engrossed in Senate</type>
        <date>2017-09-11T04:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-115s444es/xml/BILLS-115s444es.xml</url>
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        <type>Reported to Senate</type>
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        <type>Introduced in Senate</type>
        <date>2017-02-27T05:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-115s444is/xml/BILLS-115s444is.xml</url>
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    <latestAction>
      <actionDate>2017-09-12</actionDate>
      <text>Held at the desk.</text>
      <actionTime>19:59:42</actionTime>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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