Providing for consideration of the bill (H.R. 1219) 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, and providing for proceedings during the period from April 7, 2017, through April 24, 2017.

Bill 115 H.Res. 242 is a resolution that sets forth the procedures for considering H.R. 1219, a bill that aims to amend the Investment Company Act of 1940. The main purpose of H.R. 1219 is to increase the investor limitation for qualifying venture capital funds under an exemption from the definition of an investment company.

The resolution also outlines the schedule for proceedings in the US Congress from April 7, 2017, through April 24, 2017. During this period, members of Congress will have the opportunity to debate and vote on H.R. 1219, as well as any other relevant legislation that may come up for consideration.

Overall, Bill 115 H.Res. 242 is focused on facilitating the discussion and decision-making process surrounding H.R. 1219 and related matters within the US Congress. It provides a framework for how the legislation will be reviewed and debated, ultimately leading to a final vote on whether or not to pass the bill into law.