3.0.0 3967 2023-09-01T13:45:21Z 2023-09-01T13:45:21Z Senate S 2022-03-30 117 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing ssbk04 Securities, Insurance, and Investment Subcommittee Hearings by 2022-12-13T21:53:09Z Hearings by 2022-04-05T18:32:13Z Referred to 2022-03-30T22:06:26Z Improving Crowdfunding Opportunities Act 117 9478 HR 2022-12-08 Referred to the House Committee on Financial Services. Identical bill CRS 2022-12-13 ssbk04 Securities, Insurance, and Investment Subcommittee Senate Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance, and Investment. Hearings held. Committee 2022-04-05 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Committee 2022-03-30 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2022-03-30 Introduced in Senate IntroReferral 10000 9 Library of Congress M000934 Sen. Moran, Jerry [R-KS] Jerry Moran R KS N Finance and Financial Sector Administrative law and regulatory procedures Commodities markets Federal preemption Financial services and investments Securities State and local government operations Finance and Financial Sector 00 2022-03-30 Introduced in Senate 2022-09-06T20:18:52Z Improving Crowdfunding Opportunities Act

This bill reduces regulations applicable to crowdfunding securities and portals. Crowdfunding is used to raise capital through a large number of individuals investing potentially small amounts of money.

The bill exempts certain securities issued under crowdfunding regulations from state regulation of secondary transactions. It also exempts crowdfunding portals from certain anti-money laundering reporting and recordkeeping requirements. Finally, crowdfunding portals are exempted from liability for material misstatements or omissions unless the portal knowingly makes certain untrue statements or engages in fraud or deceit.

]]> Improving Crowdfunding Opportunities Act Display Title Improving Crowdfunding Opportunities Act Short Title(s) as Introduced Improving Crowdfunding Opportunities Act Introduced in Senate IS Official Title as Introduced A bill to amend the Securities Act of 1933 to preempt State securities law requiring registration for secondary transactions, and for other purposes. Introduced in Senate IS Introduced in Senate 2022-03-30T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s3967is/xml/BILLS-117s3967is.xml 2022-12-13 Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance, and Investment. 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.