H.R.2940 - Access to Capital for Job Creators Act

To direct the Securities and Exchange Commission to eliminate the prohibition against general solicitation as a requirement for a certain exemption under Regulation D. view all titles (4)

All Bill Titles

  • Official: To direct the Securities and Exchange Commission to eliminate the prohibition against general solicitation as a requirement for a certain exemption under Regulation D. as introduced.
  • Short: Access to Capital for Job Creators Act as introduced.
  • Short: Access to Capital for Job Creators Act as reported to house.
  • Short: Access to Capital for Job Creators Act as passed house.

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  • Today: 4
  • Past Seven Days: 12
  • All-Time: 3,514
 
Introduced
 
House
Passed
 
Senate
Passes
 
President
Signs
 

 
09/15/11
 
11/03/11
 
 
 
 
 

 

Latest Vote

Result: Passed - November 03, 2011

Roll call number 828 in the House

Question: On Passage: H R 2940 To direct the Securities and Exchange Commission to eliminate the prohibition against general solicitation as a requirement for a certain exemption under Regulation D

 

Official Summary

Access to Capital for Job Creators Act - Amends the Securities Act of 1933 to exempt from specified prohibitions relating to interstate commerce and the mails any transactions by an issuer that do not involve a public offering (as under current law), whether or not such transactions involve

Official Summary

Access to Capital for Job Creators Act - Amends the Securities Act of 1933 to exempt from specified prohibitions relating to interstate commerce and the mails any transactions by an issuer that do not involve a public offering (as under current law), whether or not such transactions involve general solicitation or general advertising. Directs the Securities and Exchange Commission (SEC) to revise rules governing an exemption from public offering requirements for limited offers and sales without regard to the dollar amount of the offering (Regulation D), so as to provide that a specified prohibition against general solicitation or general advertising does not apply to offers and sales of securities made pursuant to Regulation D if all purchasers of the securities are accredited investors. Requires such rules to require the issuer to take reasonable steps to verify that purchasers of the securities are accredited investors, using methods determined by the SEC.

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Organizations Supporting H.R.2940

  • GATE Technologies
  • National Taxpayers Union
  • Small Business & Entrepreneurship Council
  • U. S. Chamber of Commerce
  • Financial Services Forum
  • Stapleton Business Brokers
  • ...and 3 more. See all.

Organizations Opposing H.R.2940

  • North American Securities Administrators Association
  • American Federation of State, County and Municipal Employees
  • AFL-CIO
  • Consumer Federation of America
  • Americans for Financial Reform
  • Consumer Action
  • ...and 6 more. See all.


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