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