Congressman Keith Rothfus

Representing the 12th District of Pennsylvania

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Rothfus Statement on the Supporting America’s Innovators Act of 2017

Apr 6, 2017
Press Release

Washington, D.C. – Congressman Keith Rothfus [PA-12] released the following statement after the House passed the Supporting America’s Innovators Act of 2017, which raises the limit on the number of individuals who can invest in certain venture capital funds before those funds must register with the Securities and Exchange Commission (SEC) as “investment companies” under the Investment Company Act of 1940:

“Startups and small businesses trying to grow and create jobs need access to financial capital, and in the current regulatory climate, many of them still find it difficult to access the capital they needed to grow,” said Congressman Rothfus. “This bill will help create an environment where new businesses can thrive, creating more jobs and opportunity for American innovators.”