HR 6252
Relief for Small Businesses Through Micro-Offerings Act of 2020
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill creates a new exemption from Securities and Exchange Commission (SEC) registration requirements for small businesses raising capital. It allows companies to sell up to $250,000 in securities to individual investors, with no single investor receiving more than $5,000. These micro-offerings must be conducted through a registered broker or funding portal, and the exemption will expire after three years. The bill also directs the SEC to prevent certain individuals from engaging in these offerings and requires a study on the exemption’s impact.
Sponsors
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Primary sponsor
Patrick T. McHenry
Cosponsors
Steve Stivers
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