3.0.0 6252 2022-02-08T23:17:30Z 2022-02-08T23:17:30Z House HR 2020-03-12 116 [Congressional Record Volume 166, Number 48 (Thursday, March 12, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. McHENRY:H.R. 6252.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3 To regulate Commerce withforeign Nations, and among the several States, and with theIndian Tribes;Article I, Section 8, Clause 18 To make all Laws whichshall be necessary and proper for carrying into Execution theforegoing Powers, and all other Powers vested by thisConstitution in the Government of the United States, or inany Department or Officer thereof.[Page H1671]]]> hsba00 Financial Services Committee House Standing Referred to 2020-03-12T13:05:15Z 2020-03-12 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2020-03-12 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-03-12 Introduced in House IntroReferral 1000 9 Library of Congress M001156 Rep. McHenry, Patrick T. [R-NC-10] Patrick McHenry R NC 10 N W000812 Rep. Wagner, Ann [R-MO-2] Ann Wagner R MO 2 2020-03-12 True B001282 Rep. Barr, Andy [R-KY-6] Andy Barr R KY 6 2020-03-12 True S001187 Rep. Stivers, Steve [R-OH-15] Steve Stivers R OH 15 2020-03-12 True H001058 Rep. Huizenga, Bill [R-MI-2] Bill Huizenga R MI 2 2020-03-12 True Finance and Financial Sector Administrative remedies Government information and archives Licensing and registrations Securities Securities and Exchange Commission (SEC) Finance and Financial Sector 00 2020-03-12 Introduced in House 2020-04-14T15:13:47Z Relief for Small Businesses Through Micro-Offerings Act of 2020

This bill temporarily exempts certain securities offerings from the registration requirements of the Securities and Exchange Commission (SEC). Specifically, securities offerings are exempt from these registration requirements if (1) the aggregate amount of securities sold to all investors by the issuer is not more than $250,000, (2) the amount sold to any investor by the issuer does not exceed $5,000, and (3) the transaction is conducted through a registered broker or funding portal. This exemption ends three years after the date of enactment.

The SEC may by rule prohibit a person from engaging in such an offering if the person is subject to certain bad-actor or statutory disqualifications.

The Government Accountability Office must report on the impact of this exemption.

]]> Relief for Small Businesses Through Micro-Offerings Act of 2020 Display Title Relief for Small Businesses Through Micro-Offerings Act of 2020 Official Title as Introduced To amend the Securities Act of 1933 to provide an exemption for certain micro-offering transactions, and for other purposes. Introduced in House IH Short Title(s) as Introduced Relief for Small Businesses Through Micro-Offerings Act of 2020 Introduced in House IH Introduced in House 2020-03-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr6252ih/xml/BILLS-116hr6252ih.xml 2020-03-12 Referred to the House Committee on Financial Services. 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.