,,ii ,calendar ,no4 #ab #aaeth          
,,congress  #ast ,session  ,s4 #ddd     
,,in ,,the ,,senate ,,of ,,the ,,united 
,,states  ,february #bg1 #bjag,ms4      
,heitkamp 7for herself1 ,mr4 ,heller1   
and ,mr4 ,warner7 introduced the        
following bill2 which was read twice and
 referred to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs  ,march  
#ac1 #bjag,reported by ,mr4 ,crapo1     
without amendment  ,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  ,march #ac1             
#bjag,reported without amendment