3.0.0 3922 2022-12-29T22:33:28Z 2022-12-29T22:33:28Z Senate S 2022-03-24 117 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Hearings by 2022-04-05T18:31:59Z Referred to 2022-03-24T19:40:30Z Unlocking Capital for Small Businesses Act of 2022 117 8998 HR 2022-09-28 Referred to the House Committee on Financial Services. Related bill CRS 2022-04-05 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Committee 2022-03-24 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2022-03-24 Introduced in Senate IntroReferral 10000 9 Library of Congress C001096 Sen. Cramer, Kevin [R-ND] Kevin Cramer R ND N Finance and Financial Sector Business investment and capital Financial services and investments Licensing and registrations Securities Finance and Financial Sector 00 2022-03-24 Introduced in Senate 2022-05-27T14:50:00Z Unlocking Capital for Small Businesses Act of 2022

This bill revises the regulatory treatment of private-placement brokers (brokers who receive transaction-based compensation for the sale of securities to preselected individuals or institutions) and finders (private-placement brokers who do not exceed a specified amount of compensation, transaction value, or number of transactions in a year).

Specifically, the bill (1) requires the Securities and Exchange Commission to establish registration requirements for private-placement brokers that are no more stringent than those imposed on crowdfunding portals, (2) allows for membership in any national securities association for private-placement brokers, (3) exempts private-placement brokers from broker regulations, and (4) otherwise modifies provisions related to private-placement brokers and finders.

]]> Unlocking Capital for Small Businesses Act of 2022 Display Title Unlocking Capital for Small Businesses Act of 2022 Short Title(s) as Introduced Unlocking Capital for Small Businesses Act of 2022 Introduced in Senate IS Official Title as Introduced A bill to amend the Securities Exchange Act of 1934 to create a safe harbor for finders and private placement brokers, and for other purposes. Introduced in Senate IS Introduced in Senate 2022-03-24T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s3922is/xml/BILLS-117s3922is.xml 2022-04-05 Committee on Banking, Housing, and Urban Affairs. Hearings held. 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.