legislation: 117-s-3922
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
This data as json
| 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 |
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| 117-s-3922 | 117 | s | 3922 | Unlocking Capital for Small Businesses Act of 2022 | Finance and Financial Sector | 2022-03-24 | 2022-04-05 | Committee on Banking, Housing, and Urban Affairs. Hearings held. | Senate | Sen. Cramer, Kevin [R-ND] | ND | R | C001096 | 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. | 2022-12-29T22:33:28Z | https://www.congress.gov/bill/117th-congress/senate-bill/3922 |