Access to Capital for Job Creators Act

3.0.0 2940 2023-01-11T13:22:13Z 2023-01-11T13:22:13Z House H HR 2011-09-15 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. McCARTHY of California:H.R. 2940.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8.[Page H6232]]]> hsba00 Financial Services Committee House Standing hsba16 Capital Markets Subcommittee Reported by 2011-10-05T13:21:04Z Markup by 2011-10-05T13:20:45Z Referred to 2011-10-04T16:49:32Z Hearings by 2011-09-21T13:15:05Z Reported by 2011-10-31T17:18:39Z Markup by 2011-10-26T13:16:18Z Referred to 2011-09-15T13:02:40Z H. Rept. 112-263 Access to Capital for Job Creators Act 112 1831 S 2011-12-14 Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance and Investment. Hearings held. With printed Hearing: S.Hrg. 112-465. Related bill CRS Providing for consideration of the bill (H.R. 2930) to amend the securities laws to provide for registration exemptions for certain crowdfunded securities, and for other purposes, and providing for consideration of the bill (H.R. 2940) to direct the Securities and Exchange Commission to eliminate the prohibition against general solicitation as a requirement for a certain exemption under Regulation D. 112 453 HRES 2011-11-03 Motion to reconsider laid on the table Agreed to without objection. 14:42:59 Procedurally-related House 2011-11-08 Senate Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 225. Calendars 2011-11-07 Senate Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. Calendars 2011-11-03 18:54:27 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2011-11-03 18:54:26 The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 2930. Floor H38900 2 House floor actions 2011-11-03 18:54:16 The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 2940. Floor H38900 2 House floor actions 2011-11-03 18:54:15 On passage Passed by recorded vote: 413 - 11 (Roll no. 828). (text: CR H7289) Floor H37100 2 House floor actions 828 https://clerk.house.gov/evs/2011/roll828.xml House 112 2011-11-03T22:54:15Z 1 2011-11-03 18:54:15 Passed/agreed to in House: On passage Passed by recorded vote: 413 - 11 (Roll no. 828).(text: CR H7289) Floor 8000 9 Library of Congress 828 https://clerk.house.gov/evs/2011/roll828.xml House 112 2011-11-03T22:54:15Z 1 2011-11-03 18:47:51 On motion to recommit with instructions Failed by recorded vote: 190 - 236 (Roll no. 827). (consideration: CR H7313) Floor H36110 2 House floor actions hsba00 Financial Services Committee 827 https://clerk.house.gov/evs/2011/roll827.xml House 112 2011-11-03T22:47:51Z 1 2011-11-03 18:32:00 The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H7313) Floor H8A000 2 House floor actions 2011-11-03 18:25:15 DEBATE - The House proceeded with 10 minutes of debate on the DeFazio motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to prohibit those who have been convicted of fraud in connection with a financial transaction. Floor H8D000 2 House floor actions 2011-11-03 18:24:27 Mr. DeFazio moved to recommit with instructions to Financial Services. (consideration: CR H7312; text: CR H7312) Floor H36100 2 House floor actions hsba00 Financial Services Committee 2011-11-03 18:17:13 Considered as unfinished business. (consideration: CR H7311-7314) Floor H30000 2 House floor actions 2011-11-03 15:43:10 POSTPONED PROCEEDINGS - At the conclusion of debate on the Miller (NC) amendment, the Chair put the question on adoption of the amendment and by voice vote announced that the noes had prevailed. Mr. Miller (NC) demanded a recored vote and the Chair postponed further proceedings on the amendment under clause 8(a)(1)(A) of rule XX. Floor H8D000 2 House floor actions 2011-11-03 15:36:17 DEBATE - Pursuant to the provisions of H. Res. 453, the House proceeded with 10 minutes of debate on the Miller (NC) Part B amendment. Floor H8D000 2 House floor actions 2011-11-03 14:56:42 DEBATE - The House proceeded with one hour of debate on H.R. 2940. Floor H8D000 2 House floor actions 2011-11-03 14:55:44 Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. The resolution provides that the amendments in the nature of a substitute recommended by the Committee on Financial Services now printed in each of the bills are considered adopted. The bills, as amended, are considered read. Specified amendments are in order. Floor H8D000 2 House floor actions 2011-11-03 14:55:39 Considered under the provisions of rule H. Res. 453. (consideration: CR H7289-7295) Floor H30000 2 House floor actions 2011-11-03 14:42:51 Rule H. Res. 453 passed House. Floor H1L220 2 House floor actions 2011-11-02 16:00:39 Rules Committee Resolution H. Res. 453 Reported to House. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. The resolution provides that the amendments in the nature of a substitute recommended by the Committee on Financial Services now printed in each of the bills are considered adopted. The bills, as amended, are considered read. Specified amendments are in order. Floor H1L210 2 House floor actions 2011-10-31 Placed on the Union Calendar, Calendar No. 176. Calendars H12410 2 House floor actions U00176 2011-10-31 Reported (Amended) by the Committee on Financial Services. H. Rept. 112-263. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2011-10-31 Reported (Amended) by the Committee on Financial Services. H. Rept. 112-263. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2011-10-26 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported by Voice Vote. Committee 2011-10-26 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2011-10-05 hsba16 Capital Markets Subcommittee 1 House committee actions Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote . Committee 2011-10-05 hsba16 Capital Markets Subcommittee 1 House committee actions Subcommittee Consideration and Mark-up Session Held. Committee 2011-10-04 hsba16 Capital Markets Subcommittee 1 House committee actions Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. Committee 2011-09-21 hsba16 Capital Markets Subcommittee 1 House committee actions Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral. Committee 2011-09-15 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2011-09-15 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-09-15 Introduced in House IntroReferral 1000 9 Library of Congress M001165 Rep. McCarthy, Kevin [R-CA-22] Kevin McCarthy R CA 22 N D000613 Rep. Dold, Robert J. [R-IL-10] Robert Dold R IL J. 10 2011-10-04 False H001054 Rep. Hayworth, Nan A. S. [R-NY-19] Nan Hayworth R NY A. S. 19 2011-10-04 False Finance and Financial Sector Administrative law and regulatory procedures Financial services and investments Marketing and advertising Securities Securities and Exchange Commission (SEC) Finance and Financial Sector

00 2011-09-15 Introduced in House 2011-10-28T21:27:44Z Access to Capital for Job Creators Act - Directs the Securities and Exchange Commission (SEC) to revise rules governing an exemption from public offering requirements for limited offers and sales without regard to the dollar amount of the offering (Regulation D), so as to provide that a specified prohibition against general solicitation or general advertising does not apply to offers and sales of securities made pursuant to Regulation D if all purchasers of the securities are accredited investors.

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17 2011-10-31 Reported to House with amendment(s) 2012-01-10T22:12:53Z Access to Capital for Job Creators Act - Amends the Securities Act of 1933 to exempt from specified prohibitions relating to interstate commerce and the mails any transactions by an issuer that do not involve a public offering (as under current law), whether or not such transactions involve general solicitation or general advertising.

Directs the Securities and Exchange Commission (SEC) to revise rules governing an exemption from public offering requirements for limited offers and sales without regard to the dollar amount of the offering (Regulation D), so as to provide that a specified prohibition against general solicitation or general advertising does not apply to offers and sales of securities made pursuant to Regulation D if all purchasers of the securities are accredited investors. Requires such rules to require the issuer to take reasonable steps to verify that purchasers of the securities are accredited investors, using methods determined by the SEC.

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36 2011-11-03 Passed House amended 2012-01-10T22:17:11Z (This measure has not been amended since it was reported by the House on October 31, 2011. The summary of that version is repeated here.)

Access to Capital for Job Creators Act - Amends the Securities Act of 1933 to exempt from specified prohibitions relating to interstate commerce and the mails any transactions by an issuer that do not involve a public offering (as under current law), whether or not such transactions involve general solicitation or general advertising.

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Access to Capital for Job Creators Act Display Title Access to Capital for Job Creators Act Official Title as Introduced To direct the Securities and Exchange Commission to eliminate the prohibition against general solicitation as a requirement for a certain exemption under Regulation D. Introduced in House IH Short Titles as Introduced Access to Capital for Job Creators Act Short Titles as Reported to House Access to Capital for Job Creators Act H House Short Titles as Passed House Access to Capital for Job Creators Act H House 849 112 HAMDT Amendment sought to require a disclosure that if there are going to be unregulated solicitations or advertisements seeking investments in certain companies, the advertisement or solicitation must disclose the existence of any compensation agreement or "golden parachute" severance package for executives that might result in redirection of any profits. An amendment printed in Part B of House Report 112-265 to require disclosure of bonus compensation structures and "golden parachute" arrangements in advertising materials associated with an exempted offering. 2022-02-03T06:01:51Z 2011-11-03 On agreeing to the Miller (NC) amendment (A002) Failed by the Yeas and Nays: 190 - 234 (Roll no. 826). 18:24:00 Roll no. 826 https://clerk.house.gov/evs/2011/roll826.xml M001154 Rep. Miller, Brad [D-NC-13] Brad Miller D NC 13 2011-11-03T04:00:00Z House of Representatives 112 HR House H 2940 Access to Capital for Job Creators Act 2023-01-11T13:22:13Z House Report 112-265 https://www.congress.gov/congressional-report/112th-congress/house-report/265 8 2011-11-03 18:24:00 On agreeing to the Miller (NC) amendment (A002) Failed by the Yeas and Nays: 190 - 234 (Roll no. 826). Floor H34111 2 House floor actions 826 House 112 2011-11-03T22:24:00Z 1 https://clerk.house.gov/evs/2011/roll826.xml 2011-11-03 15:36:05 Amendment (A002) offered by Mr. Miller (NC). (consideration: CR H7294-7295, H7311-7312; text: CR H7294) Floor H3A100 2 House floor actions 2011-11-03 18:24:00 House amendment not agreed to: On agreeing to the Miller (NC) amendment (A002) Failed by the Yeas and Nays: 190 - 234 (Roll no. 826). Floor 73000 9 Library of Congress 826 House 112 2011-11-03T22:24:00Z 1 https://clerk.house.gov/evs/2011/roll826.xml 2011-11-03 18:24:00 Roll call votes on amendments in House Floor 75000 9 Library of Congress 826 House 112 2011-11-03T22:24:00Z 1 https://clerk.house.gov/evs/2011/roll826.xml 2011-11-03 18:24:00 Amendment failed by House: On agreeing to the Miller (NC) amendment (A002) Failed by the Yeas and Nays: 190 - 234 (Roll no. 826). NotUsed 80000 9 Library of Congress 826 House 112 2011-11-03T22:24:00Z 1 https://clerk.house.gov/evs/2011/roll826.xml 2011-11-03 15:36:05 House amendment offered/reported by: Amendment (A002) offered by Mr. Miller (NC).(consideration: CR H7294-7295, H7311-7312; text: CR H7294) NotUsed 71500 9 Library of Congress 2011-11-03 House amendment offered Floor 71000 9 Library of Congress 848 112 HAMDT Amendment in the nature of a substitute. 2022-02-03T06:01:51Z Financial Services Committee 2011-11-03T04:00:00Z House of Representatives 112 HR House H 2940 Access to Capital for Job Creators Act 2023-01-11T13:22:13Z 2 2011-11-03 House amendment offered Floor 71000 9 Library of Congress Placed on Calendar Senate 2011-11-08T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr2940pcs/xml/BILLS-112hr2940pcs.xml Engrossed in House 2011-11-03T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr2940eh/xml/BILLS-112hr2940eh.xml Reported in House 2011-10-31T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr2940rh/xml/BILLS-112hr2940rh.xml Introduced in House 2011-09-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr2940ih/xml/BILLS-112hr2940ih.xml 2011-11-08 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 225. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.