[House Report 115-77]
[From the U.S. Government Publishing Office]
115th Congress } { Report
HOUSE OF REPRESENTATIVES
1st Session } { 115-77
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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
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April 3, 2017.--Referred to the House Calendar and ordered to be
printed
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Mr. Buck, from the Committee on Rules,
submitted the following
R E P O R T
[To accompany H. Res. 242]
The Committee on Rules, having had under consideration
House Resolution 242 by a record vote of 6 to 3, report the
same to the House with the recommendation that the resolution
be adopted.
SUMMARY OF PROVISIONS OF THE RESOLUTION
The resolution provides for consideration of H.R. 1219, the
Supporting America's Innovators Act of 2017, under a closed
rule. The resolution provides one hour of debate equally
divided and controlled by the chair and ranking minority member
of the Committee on Financial Services. The resolution waives
all points of order against consideration of the bill. The
resolution provides that the bill shall be considered as read.
The resolution waives all points of order against provisions in
the bill. The resolution provides one motion to recommit.
Section 2 of the resolution provides that on any
legislative day during the period from April 7, 2017 through
April 24, 2017: the Journal of the proceedings of the previous
day shall be considered as approved; and the Chair may at any
time declare the House adjourned to meet at a date and time to
be announced by the Chair in declaring the adjournment.
Section 3 of the resolution provides that the Speaker may
appoint Members to perform the duties of the Chair for the
duration of the period addressed by section 2 of the resolution
as though under clause 8(a) of rule I.
Section 4 of the resolution provides that each day during
the period addressed by section 2 of the resolution shall not
constitute calendar days for the purposes of section 7 of the
War Powers Resolution (50 U.S.C. 1546).
Section 5 of the resolution provides that each day during
the period addressed by section 2 of the resolution shall not
constitute a legislative day for purposes of clause 7 of rule
XIII (resolutions of inquiry).
EXPLANATION OF WAIVERS
Although the resolution waives all points of order against
consideration of the bill, the Committee is not aware of any
points of order. The waiver is prophylactic in nature.
Although the resolution waives all points of order against
provisions in the bill, the Committee is not aware of any
points of order. The waiver is prophylactic in nature.
COMMITTEE VOTES
The results of each record vote on an amendment or motion
to report, together with the names of those voting for and
against, are printed below:
Rules Committee record vote No. 45
Motion by Mr. Cole to report the rule. Adopted: 6-3
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Majority Members Vote Minority Members Vote
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Mr. Cole........................................ Yea Ms. Slaughter..................... ............
Mr. Woodall..................................... Yea Mr. McGovern...................... Nay
Mr. Burgess..................................... Yea Mr. Hastings of Florida........... Nay
Mr. Collins..................................... Yea Mr. Polis......................... Nay
Mr. Byrne....................................... Yea
Mr. Newhouse.................................... ............
Mr. Buck........................................ Yea
Ms. Cheney...................................... ............
Mr. Sessions, Chairman.......................... ............
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