3.0.0 2201 2023-01-11T13:35:55Z 2023-01-11T13:35:55Z House HR 2017-04-27 115 [Congressional Record Volume 163, Number 72 (Thursday, April 27, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. EMMER:H.R. 2201.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8[Page H2942]]]> ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2017-11-13T21:37:17Z hsba00 Financial Services Committee House Standing Reported by 2017-11-01T22:48:34Z Markup by 2017-10-12T16:39:41Z Referred to 2017-04-27T14:00:26Z H. Rept. 115-383 Financial CHOICE Act of 2017 115 10 HR 2017-07-13 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108. Related bill CRS Providing for consideration of the bill (H.R. 2201) to amend the Securities Act of 1933 to exempt certain micro-offerings from the registration requirements of such Act, and for other purposes. 115 609 HRES 2017-11-08 Motion to reconsider laid on the table Agreed to without objection. 13:35:24 Procedurally-related House 2017-11-13 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2017-11-09 11:23:14 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2017-11-09 11:23:12 On passage Passed by the Yeas and Nays: 232 - 188 (Roll no. 622). Floor H37100 2 House floor actions 622 https://clerk.house.gov/evs/2017/roll622.xml House 115 2017-11-09T16:23:12Z 1 2017-11-09 11:23:12 Passed/agreed to in House: On passage Passed by the Yeas and Nays: 232 - 188 (Roll no. 622). Floor 8000 9 Library of Congress 622 https://clerk.house.gov/evs/2017/roll622.xml House 115 2017-11-09T16:23:12Z 1 2017-11-09 10:44:53 Considered as unfinished business. (consideration: CR H8678-8679) Floor H30000 2 House floor actions 2017-11-09 10:30:08 POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 2201, the Chair put the question on passage and by voice vote, announced the ayes had prevailed. Ms. Maxine Waters (CA) demanded the yeas and nays and the Chair postponed further proceedings on the question of passage until a time to be announced. Floor H8D000 2 House floor actions 2017-11-09 10:22:34 DEBATE - Pursuant to the provisions of H.Res. 609, the House proceeded with 10 minutes of debate on the Emmer amendment. Floor H8D000 2 House floor actions 2017-11-09 09:44:00 DEBATE - The House resumed debate on H.R. 2201. Floor H8D000 2 House floor actions 2017-11-09 09:15:02 DEBATE - The House proceeded with one hour of debate on H.R. 2201. Floor H8D000 2 House floor actions 2017-11-09 09:14:31 Rule provides for consideration of H.R. 2201 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Floor H8D000 2 House floor actions 2017-11-09 09:14:26 Considered under the provisions of rule H. Res. 609. (consideration: CR H8667-8678; text of measure as reported in House: CR H8667) Floor H30000 2 House floor actions 2017-11-08 13:35:24 Rule H. Res. 609 passed House. Floor H1L220 2 House floor actions 2017-11-07 15:53:56 Rules Committee Resolution H. Res. 609 Reported to House. Rule provides for consideration of H.R. 2201 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Floor H1L210 2 House floor actions 2017-11-01 Placed on the Union Calendar, Calendar No. 280. Calendars H12410 2 House floor actions U00280 2017-11-01 Reported by the Committee on Financial Services. H. Rept. 115-383. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2017-11-01 Reported by the Committee on Financial Services. H. Rept. 115-383. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2017-10-12 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported by the Yeas and Nays: 34 - 26. Committee 2017-10-12 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2017-10-11 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2017-04-27 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2017-04-27 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-04-27 Introduced in House IntroReferral 1000 9 Library of Congress E000294 Rep. Emmer, Tom [R-MN-6] Tom Emmer R MN 6 N S001187 Rep. Stivers, Steve [R-OH-15] Steve Stivers R OH 15 2017-09-06 False M001189 Rep. Messer, Luke [R-IN-6] Luke Messer R IN 6 2017-09-06 False T000470 Rep. Tipton, Scott R. [R-CO-3] Scott Tipton R CO R. 3 2017-09-06 False P000606 Rep. Pittenger, Robert [R-NC-9] Robert Pittenger R NC 9 2017-09-18 False M001193 Rep. MacArthur, Thomas [R-NJ-3] Thomas MacArthur R NJ 3 2017-09-27 False 2017-10-30T15:06:49Z H.R. 2201, Micro Offering Safe Harbor Act https://www.cbo.gov/publication/53268 As ordered reported by the House Committee on Financial Services on October 12, 2017 Finance and Financial Sector Securities State and local government operations Finance and Financial Sector 00 2017-04-27 Introduced in House 2017-08-16T18:29:01Z Micro Offering Safe Harbor Act

This bill amends the Securities Act of 1933 to exempt certain micro-offerings from: (1) state regulation of securities offerings, and (2) federal prohibitions related to interstate solicitation.

]]> 79 2017-11-01 Reported to House without amendment 2017-11-03T16:32:51Z (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Micro Offering Safe Harbor Act

(Sec. 2) This bill amends the Securities Act of 1933 to exempt certain micro-offerings from: (1) state regulation of securities offerings, and (2) federal prohibitions related to interstate solicitation.

The exempted micro-offerings must meet all of the following requirements:

  • the purchaser has a substantive pre-existing relationship with the issuer,
  • during the 12-month period preceding the transaction there are no more than 35 purchasers relying on the exemption, and
  • the amount of all securities sold by the issuer (including any amount sold in reliance upon the exemption) during the 12-month period preceding the transaction does not exceed $500,000.
]]> 36 2017-11-09 Passed House amended 2018-04-26T22:09:26Z Micro Offering Safe Harbor Act

(Sec. 2) This bill amends the Securities Act of 1933 to exempt certain micro-offerings from: (1) state regulation of securities offerings, and (2) federal prohibitions related to interstate solicitation.

The exempted micro-offerings must meet all of the following requirements:

  • the purchaser has a substantive pre-existing relationship with the issuer,
  • during the 12-month period preceding the transaction there are no more than 35 purchasers relying on the exemption, and
  • the amount of all securities sold by the issuer (including any amount sold in reliance upon the exemption) during the 12-month period preceding the transaction does not exceed $500,000.

A transaction shall not qualify for the exemption if the issuer or one of certain related persons triggers a "bad actor" disqualification under specified regulations due to a relevant criminal conviction, court or regulatory order, or other disciplinary event.

]]> Micro Offering Safe Harbor Act Display Title Micro Offering Safe Harbor Act Official Title as Introduced To amend the Securities Act of 1933 to exempt certain micro-offerings from the registration requirements of such Act, and for other purposes. Introduced in House IH Short Titles as Introduced Micro Offering Safe Harbor Act Short Titles as Reported to House Micro Offering Safe Harbor Act H House Short Titles as Passed House Micro Offering Safe Harbor Act H House 482 115 HAMDT An amendment numbered 1 printed in House Report 115-401 to amend the bill to not allow the exemption to be available for those who have been disqualified under the "bad actor" disqualification standard of section 230.506(d) of title 17, Code of Federal Regulations, providing an additional layer of investor protection in the bill. An amendment numbered 1 printed in House Report 115-401 to amend the bill to not allow the exemption to be available for those who have been disqualified under the "bad actor" disqualification standard of section 230.506(d) of title 17, Code of Federal Regulations, providing an additional layer of investor protection in the bill. 2020-12-15T16:33:29Z 2017-11-09 On agreeing to the Emmer amendment (A001) Agreed to by voice vote. 10:29:15 E000294 Rep. Emmer, Tom [R-MN-6] Tom Emmer R MN 6 2017-11-09T05:00:00Z House of Representatives 115 HR House H 2201 Micro Offering Safe Harbor Act 2023-01-11T13:35:55Z House Report 115-401 https://www.congress.gov/congressional-report/115th-congress/house-report/401 8 2017-11-09 10:29:15 On agreeing to the Emmer amendment (A001) Agreed to by voice vote. Floor H34111 2 House floor actions 2017-11-09 10:29:04 The previous question was ordered on the amendment and the bill pursuant to the rule. Floor H34180 2 House floor actions 2017-11-09 10:22:31 Amendment (A001) offered by Mr. Emmer. (consideration: CR H8677-8678; text: CR H8677) Floor H3A100 2 House floor actions 2017-11-09 10:29:15 Amendment agreed to by House: On agreeing to the Emmer amendment (A001) Agreed to by voice vote. NotUsed 79000 9 Library of Congress 2017-11-09 House amendment offered Floor 71000 9 Library of Congress 2017-11-09 10:22:31 House amendment offered/reported by: Amendment (A001) offered by Mr. Emmer.(consideration: CR H8677-8678; text: CR H8677) NotUsed 71500 9 Library of Congress 2017-11-09 10:29:15 House amendment agreed to: On agreeing to the Emmer amendment (A001) Agreed to by voice vote. Floor 72000 9 Library of Congress Referred in Senate 2017-11-13T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2201rfs/xml/BILLS-115hr2201rfs.xml Engrossed in House 2017-11-09T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2201eh/xml/BILLS-115hr2201eh.xml Reported in House 2017-11-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2201rh/xml/BILLS-115hr2201rh.xml Introduced in House 2017-04-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2201ih/xml/BILLS-115hr2201ih.xml 2017-11-13 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.