H. Res. 242: H.R. 1219 – Supporting America's Innovators Act of 2017

COMMITTEE ACTION: REPORTED BY A RECORD VOTE of 6-3 on Monday, April 3, 2017

FLOOR ACTION:  ADOPTED BY A RECORD VOTE OF 240-181 AFTER ORDERING THE PREVIOUS QUESTION BY A RECORD VOTE OF 231-182 on Wednesday, April 5, 2017.

MANAGERS: McGovern/Buck

115th Congress

1st Session

Rule

H. RES. 242

Report No. 115-77

 

H.R. 1219 - Supporting America's Innovators Act of 2017

  1. Closed rule.
  2. Provides one hour of debate equally divided and controlled by the chair and ranking minority member of the Committee on Financial Services.
  3. Waives all points of order against consideration of the bill.
  4. Provides that the bill shall be considered as read.
  5. Waives all points of order against provisions in the bill.
  6. Provides one motion to recommit.
  7. Section 2 provides that on any legislative day during the period from April 7, 2017 through April24, 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.
  8. Section 3 provides that the Speaker may appoint Members to perform the duties of the Chair for the duration of the period addressed by section 2.
  9. Section 4 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).
  10. Section 5 provides that each day during the period addressed by section 2 of the resolution shall not constitute a legislative ~ay for purposes of clause 7 of rule XIII (resolutions of inquiry).

 

RESOLUTION

Resolved, That upon adoption of this resolution it shall be in order to consider in the House 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. All points of order against consideration of the bill are waived. The bill shall be considered as read. All points of order against provisions in the bill are waived. The previous question shall be considered as ordered on the bill and on any amendment thereto to final passage without intervening motion except: (1) one hour of debate equally divided and controlled by the chair and ranking minority member of the Committee on Financial Services; and (2) one motion to recommit.

Sec. 2. On any legislative day during the period n:om April 7, 2017, through April 24, 2017-

(a) the Journal of the proceedings of the previous day shall be considered as approved; and

(b) the Chair may at any time declare the House adjourned to meet at a date and time, within the limits of clause 4, section 5, article I of the Constitution, to be announced by the Chair in declaring the adjournment.

Sec. 3. The Speaker may appoint Members to perform the duties of the Chair for the duration of the period addressed by section 2 of this resolution as though under clause 8(a) of rule I.

Sec. 4. Each day during the period addressed by section 2 of this resolution shall not constitute a calendar day for purposes of section 7 of the War Powers Resolution (50 U.S.C. 1546).

Sec. 5. Each day during the period addressed by section 2 of this resolution shall not constitute a legislative day for purposes of clause 7 of rule XIII.