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Supporting America's Innovators Act of 2017
4/7/2025, 3:41 PM
Summary of Bill HR 1219
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.
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.
Current Status of Bill HR 1219
Bill HR 1219 is currently in the status of Bill Introduced since February 27, 2017. Bill HR 1219 was introduced during Congress 115 and was introduced to the House on February 27, 2017. Bill HR 1219's most recent activity was Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of April 6, 2017
Bipartisan Support of Bill HR 1219
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 1219
Primary Policy Focus
Finance and Financial SectorComments
Sponsors and Cosponsors of HR 1219
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