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114-hr-4854114th Congress

Supporting America's Innovators Act of 2016

Sponsored By: Representative McHenry, Patrick T. [R-NC-10]

Unknown

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 500 persons. The bill defines qualifying venture capital fund as one that does not purchase more than $10 million (annually adjusted for inflation) in securities of any one issuer.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

McHenry, Patrick T. [R-NC-10]

NC • R

Cosponsors

  • Rep. Schweikert, David [R-AZ-1]

    AZ • R

    Sponsored 6/8/2016

Roll Call Votes

No roll call votes available for this bill.

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