69–008 

115TH CONGRESS REPORT " ! HOUSE OF REPRESENTATIVES 1st Session 115–77 

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 

APRIL 3, 2017.—Referred to the House Calendar and ordered to be printed 

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 


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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 

Majority Members Vote Minority Members Vote 

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 ................................... ...................

Æ 


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