3.0.0 4565 2023-01-11T13:26:31Z 2023-01-11T13:26:31Z House H HR 2014-05-06 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. McHENRY:H.R. 4565.Congress has the power to enact this legislation pursuantto the following:Article One, Section Eight[Page H3447]]]> hsba00 Financial Services Committee House Standing hsba16 Capital Markets Subcommittee Hearings by 2014-05-01T20:57:43Z Markup by 2014-05-22T15:55:21Z Referred to 2014-05-06T16:01:25Z 2014-05-22 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported by the Yeas and Nays: 31 - 28. Committee 2014-05-22 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2014-05-06 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2014-05-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-05-06 Introduced in House IntroReferral 1000 9 Library of Congress 2014-05-01 hsba16 Capital Markets Subcommittee 1 House committee actions Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Introduction and Referral. Committee M001156 Rep. McHenry, Patrick T. [R-NC-10] Patrick McHenry R NC 10 N G000548 Rep. Garrett, Scott [R-NJ-5] Scott Garrett R NJ 5 2014-05-06 True Finance and Financial Sector Accounting and auditing Administrative law and regulatory procedures Business investment and capital Business records Federal preemption Government information and archives Licensing and registrations Securities Securities and Exchange Commission (SEC) Small business Finance and Financial Sector 00 2014-05-06 Introduced in House 2014-07-17T18:33:57Z Startup Capital Modernization Act of 2014 - Amends the Securities Act of 1933 (Act) to increase from $5 million to $10 million the maximum aggregate amount of securities exempt from its purview due to either the small amount involved, or the limited character of the public offering.

Preempts state requirements governing securities registration, documentation, and offerings in connection with small issues related to small company capital formation.

Declares that this Act shall have no impact on state enforcement authority over the unlawful conduct of issuers, intermediaries, or custodians who are exempt from federal registration requirements under the Act.

Amends the Securities Exchange Act of 1934 to exempt certain small issues from its securities registration requirements if the issuer: (1) has filed audited financial statements with the Securities and Exchange Commission (SEC), and (2) is in compliance with all periodic disclosures required by the SEC.

Exempts from prohibitions relating to interstate commerce and the mails any transaction where: (1) each purchaser is an accredited investor; and (2) if the securities are offered by means of any general solicitation or general advertising, the seller verifies that the purchaser is an accredited investor.

Denies such an exemption to transactions where the seller is: (1) either an issuer, its subsidiaries or parent; (2) a dealer; or (3) an underwriter acting on behalf of the issuer, its subsidiaries, or parent, which receives compensation from the issuer with respect to such sale.

]]> Startup Capital Modernization Act of 2014 Display Title Startup Capital Modernization Act of 2014 Official Title as Introduced To amend the securities laws to improve the small company capital formation provisions, and for other purposes. Introduced in House IH Short Titles as Introduced Startup Capital Modernization Act of 2014 Introduced in House 2014-05-06T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr4565ih/xml/BILLS-113hr4565ih.xml 2014-05-22 Ordered to be Reported by the Yeas and Nays: 31 - 28. 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.