Supporting America's Innovators Act of 2017

The Supporting America's Innovators Act of 2017, also known as Bill 115 hr 1219, is a piece of legislation introduced in the US Congress with the aim of promoting investment in small businesses and startups. The bill seeks to amend the Investment Company Act of 1940 to increase the investor limit for qualifying venture capital funds from 100 to 250.

The main purpose of the bill is to make it easier for small businesses and startups to raise capital by allowing more investors to participate in venture capital funds. This, in turn, is expected to spur innovation and economic growth by providing these companies with the necessary funding to develop new products and services.

The bill has received bipartisan support in Congress, with lawmakers from both parties recognizing the importance of supporting America's innovators. Proponents of the bill argue that increasing the investor limit for venture capital funds will help level the playing field for small businesses and startups, allowing them to compete more effectively with larger, more established companies. Overall, the Supporting America's Innovators Act of 2017 is seen as a positive step towards fostering innovation and entrepreneurship in the United States. By making it easier for small businesses and startups to access the capital they need to grow and succeed, the bill has the potential to drive economic growth and create new opportunities for American workers.