[House Prints 115-12] [From the U.S. Government Publishing Office] S:\CLERK\XML\CPRT-115-HPRT-RU00-HR1219.XML MARCH 29, 2017 RULES COMMITTEE PRINT 115-12 TEXT OF H.R. 1219, SUPPORTING AMERICA'S INNOVATORS ACT OF 2017 [Showing the text of H.R. 1219 as ordered reported by the Committee on Financial Services.] 1 SECTION 1. SHORT TITLE. 2 This Act may be cited as the ''Supporting America's 3 Innovators Act of 2017''. 4 SEC. 2. INVESTOR LIMITATION FOR QUALIFYING VENTURE 5 CAPITAL FUNDS. 6 Section 3(c)(1) of the Investment Company Act of 7 1940 (15 U.S.C. 80a-3(c)(1)) is amended-- 8 (1) in the matter preceding subparagraph (A), 9 by inserting ''(or, in the case of a qualifying venture 10 capital fund, 250 persons)'' after ''one hundred per- 11 sons''; and 12 (2) by adding at the end the following: 13 ''(C)(i) The term 'qualifying venture cap- 14 ital fund' means a venture capital fund that has 15 not more than $10,000,000 in aggregate capital 16 contributions and uncalled committed capital, 17 with such dollar amount to be indexed for infla- 18 tion once every 5 years by the Commission, be- l:\vr\032917\R032917.008.xml March 29, 2017 (4:43 p.m.) [TEXT NOT AVAILABLE]