Bill
Bill > HR2609
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 provide small issuers with a micro-offering exemption free of mandated disclosures or offering filings, but subject to the antifraud provisions of the Federal securities laws, and for other purposes.
AI Summary
This bill, the Small Entrepreneurs' Empowerment and Development (SEED) Act of 2023, aims to amend the Securities Act of 1933 to provide a "micro-offering" exemption for small issuers. This exemption would allow small businesses to raise up to $250,000 within a 12-month period without being subject to mandated disclosures or offering filings, while still being subject to the anti-fraud provisions of federal securities laws. The bill also requires the Securities and Exchange Commission (SEC) to establish disqualification provisions to ensure that issuers with certain regulatory or criminal histories are not eligible for this exemption.
Committee Categories
Business and Industry
Sponsors (2)
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/2609/all-info |
| BillText | https://www.congress.gov/118/bills/hr2609/BILLS-118hr2609ih.pdf |
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