,,ii  #aaeth ,,congress  #ast ,session  
,s4 #ddd  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,february #bg1      
#bjag,ms4 ,heitkamp 7for herself and    
,mr4 ,heller7 introduced the following  
bill2 which was read twice and referred 
to the ,committee on ,banking1 ,housing1
 and ,urban ,affairs  ,a ,,bill  ,to    
amend the ,investment ,company ,act of  
#aidj to expand the investor limitation 
for qualifying venture capital funds    
under an exemption from the definition  
of an investment company4  #a4 ,short   
title ,this ,act may be cited as the    
,supporting ,america's ,innovators ,act 
of #bjag4  #b4 ,investor limitation for 
qualifying venture capital funds        
,section #c7;c77#a7 of the ,investment  
,company ,act of #aidj 7#ae ,u4,s4,c4   
#hj;a-#c7;c77#a77 is amended--  7#a7 in 
the matter preceding subparagraph 7,a71 
by inserting 7or1 in the case of a      
qualifying venture capital fund1 #bej   
persons7 after one hundred persons2 and 
7#b7 by adding at the end the following3

  7,c7 7i7 ,the term qualifying venture 
capital fund means a venture capital    
fund that has not more than #aj1jjj1jjj 
in aggregate capital contributions and  
uncalled committed capital1 with such   
dollar amount to be indexed for         
inflation once every #e years by the    
,commission1 beginning from a           
measurement made by the ,commission on a
 date selected by the ,commission1      
rounded to the nearest #a1jjj1jjj4  7ii7
 ,the term venture capital fund has the 
meaning given the term in section       
#bge4bjc7l7-#a of title #ag1 ,code of   
,federal ,regulations1 or any successor 
regulation4  4