legislation: 117-hr-9478

Congressional bills and resolutions from Congress.gov, filtered to policy areas relevant to environmental, health, agriculture, and wildlife regulation.

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
117-hr-9478 117 hr 9478 Improving Crowdfunding Opportunities Act Finance and Financial Sector 2022-12-08 2022-12-08 Referred to the House Committee on Financial Services. House Rep. McHenry, Patrick T. [R-NC-10] NC R M001156 0 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. 2023-01-13T04:50:59Z https://www.congress.gov/bill/117th-congress/house-bill/9478

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