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Congressman Tom McClintock

Representing the 4th District of California

H.R. 1219 – Supporting America’s Innovators Act: YES

April 6, 2017
Vote Notes on Legislation

H.R. 1219 – Supporting America’s Innovators Act: YES.  Venture capital firms loan money to start-up companies.  Since the adoption of Dodd-Frank, heavy government regulation has severely reduced the amount of capital loaned by these firms.  Although the JOBS Act of 2012 eased the regulatory burdens on small capital venture firms, its provisions did not apply to coordinated investment pools of more than 100 investors.  This bill simply raises that cap to 250, on funds with less than $10 million of capitalization.