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    <number>2609</number>
    <updateDate>2025-05-27T14:12:00Z</updateDate>
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    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2023-04-13</introducedDate>
    <congress>118</congress>
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      <constitutionalAuthorityStatementText>&lt;pre&gt;[Congressional Record Volume 169, Number 62 (Thursday, April 13, 2023)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. McHENRY:H.R. 2609.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 3:To regulate commerce with states, other nations, and NativeAmerican tribes.Article 1, Section 8, Clause 18:Authority to create laws that are necessary and proper tocarry out the laws of the landThe single subject of this legislation is:Provides small issuers with a micro-offering exemption freeof mandated disclosures or offering filings, but subject tothe antifraud provisions of the Federal securities laws.[Page H1727]&lt;/pre&gt;</constitutionalAuthorityStatementText>
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            <date>2023-04-13T15:03:20Z</date>
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      <item>
        <title>Expanding Access to Capital Act of 2023</title>
        <congress>118</congress>
        <number>2799</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2024-03-11</actionDate>
          <text>Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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        <actionDate>2023-04-13</actionDate>
        <text>Referred to the House Committee on Financial Services.</text>
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        <bioguideId>M001156</bioguideId>
        <fullName>Rep. McHenry, Patrick T. [R-NC-10]</fullName>
        <firstName>Patrick</firstName>
        <lastName>McHenry</lastName>
        <party>R</party>
        <state>NC</state>
        <district>10</district>
        <isByRequest>N</isByRequest>
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    <cosponsors>
      <item>
        <bioguideId>E000294</bioguideId>
        <fullName>Rep. Emmer, Tom [R-MN-6]</fullName>
        <firstName>Tom</firstName>
        <lastName>Emmer</lastName>
        <party>R</party>
        <state>MN</state>
        <district>6</district>
        <sponsorshipDate>2023-04-27</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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      <name>Finance and Financial Sector</name>
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    <subjects>
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      <policyArea>
        <name>Finance and Financial Sector</name>
        <updateDate>2023-04-19T18:30:21Z</updateDate>
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      <summary>
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        <actionDate>2023-04-13</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2023-09-27T17:53:33Z</updateDate>
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          <text>&lt;p&gt;&lt;strong&gt;Small Entrepreneurs' Empowerment and Development Act of 2023 or the SEED Act of 2023&lt;/strong&gt;&lt;/p&gt; &lt;p&gt; This bill establishes an exemption to certain securities regulations for small offerings of securities. Specifically, securities registration is not required for a sale of securities if the total amount of securities sold by the issuer during the preceding 12-month period sale does not exceed $250,000.&lt;/p&gt; &lt;p&gt;Furthermore, the Securities and Exchange Commission must issue rules under which an issuer is disqualified from offering securities through this exemption. These rules must disqualify any such offering or sale of securities by a person subject to specified regulatory disciplinary actions or convicted of certain felonies or misdemeanors.&lt;/p&gt;</text>
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    <title>SEED Act of 2023</title>
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        <title>SEED Act of 2023</title>
        <updateDate>2024-07-24T15:22:51Z</updateDate>
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        <updateDate>2024-05-24T13:41:03Z</updateDate>
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        <titleType>Short Title(s) as Introduced</titleType>
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        <title>Small Entrepreneurs’ Empowerment and Development Act of 2023</title>
        <updateDate>2024-05-24T13:41:03Z</updateDate>
        <billTextVersionName>Introduced in House</billTextVersionName>
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      <item>
        <titleType>Official Title as Introduced</titleType>
        <titleTypeCode>6</titleTypeCode>
        <title>To amend the Securities Act of 1933 to provide small issuers with a micro-offering exemption free of mandated disclosures or offering filings, but subject to the antifraud provisions of the Federal securities laws, and for other purposes.</title>
        <updateDate>2024-03-18T20:37:02Z</updateDate>
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        <date>2023-04-13T04:00:00Z</date>
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    <latestAction>
      <actionDate>2023-04-13</actionDate>
      <text>Referred to the House Committee on Financial Services.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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