summary
Introduced
04/13/2023
04/13/2023
In Committee
04/13/2023
04/13/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To amend the Securities Act of 1933 to preempt State securities law requiring registration for secondary transactions, and for other purposes.
AI Summary
This bill, the Improving Crowdfunding Opportunities Act, seeks to amend the Securities Act of 1933 to preempt state securities law registration requirements for secondary transactions, and make other changes to crowdfunding regulations. Key provisions include exempting certain crowdfunding offerings from state regulation, clarifying the liability of funding portals, exempting funding portals from Bank Secrecy Act requirements, allowing funding portals to provide impersonal investment advice, adjusting the target amounts for certain crowdfunding offerings, and expanding the exemption for investment companies. The bill aims to improve and expand crowdfunding opportunities for investors and issuers.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to the House Committee on Financial Services. (on 04/13/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/2607/all-info |
| BillText | https://www.congress.gov/118/bills/hr2607/BILLS-118hr2607ih.pdf |
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