Bill > HR5458

This bill, the Small Entrepreneurs' Empowerment and Development (SEED) Act of 2021, aims to amend the Securities Act of 1933 to provide a "micro-offering exemption" for small issuers. This exemption would allow small issuers to sell up to $250,000 worth of securities in a 12-month period without being subject to the mandated disclosures or offering filings typically required, but the transactions would still be subject to the antifraud provisions of federal securities laws. The bill also directs the Securities and Exchange Commission (SEC) to establish disqualification provisions to prevent certain individuals and entities from taking advantage of the micro-offering exemption, such as those subject to final orders from regulators or with certain criminal convictions.