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Bill > HRes242
US HRes242
US HRes242Providing for consideration of the bill (H.B. 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.
summary
Introduced
04/03/2017
04/03/2017
In Committee
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Providing for consideration of the bill (H.B. 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. Sets forth the rule for consideration of the bill (H.B. 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.
AI Summary
This Resolution sets the rules for considering a bill, H.R. 1219, in the House of Representatives, which aims to amend the Investment Company Act of 1940. Specifically, the bill seeks to increase the number of investors allowed in certain venture capital funds that are exempt from being classified as investment companies, meaning they don't have to follow all the regulations that apply to typical investment firms. The Resolution waives all procedural objections to considering and passing this bill, allowing for one hour of debate and limiting further actions to one motion to recommit. Additionally, it outlines procedures for House proceedings between April 7 and April 24, 2017, including how the daily journal is approved and the Speaker's authority to adjourn the House and appoint Members to act as Chair.
Sponsors (1)
Last Action
Motion to reconsider laid on the table Agreed to without objection. (on 04/05/2017)
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/house-resolution/242/all-info | 04/05/2017 |
| BillText | https://www.congress.gov/115/bills/hres242/BILLS-115hres242eh.pdf | 04/08/2017 |
| Bill | https://www.congress.gov/115/bills/hres242/BILLS-115hres242eh.pdf.pdf | 04/08/2017 |
| BillText | https://www.congress.gov/115/bills/hres242/BILLS-115hres242rh.pdf | 04/07/2017 |
| Bill | https://www.congress.gov/115/bills/hres242/BILLS-115hres242rh.pdf.pdf | 04/07/2017 |
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