legislation: 117-hr-8998
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
This data as json
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| 117-hr-8998 | 117 | hr | 8998 | Unlocking Capital for Small Businesses Act of 2022 | Finance and Financial Sector | 2022-09-28 | 2022-09-28 | Referred to the House Committee on Financial Services. | House | Rep. Budd, Ted [R-NC-13] | NC | R | B001305 | 0 | 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. | 2023-01-23T18:30:24Z | https://www.congress.gov/bill/117th-congress/house-bill/8998 |