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114TH CONGRESS
2D SESSION
H. R. 4855
A BILL
To amend provisions in the securities laws relating to regulation crowdfunding to raise the dollar amount limit and
to clarify certain requirements and exclusions for funding
portals established by such Act.
Be it enacted by the Senate and House of Representa-
5 Act.
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(1) INCREASE
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U.S.C.
77d(6)(A))
is
(2) CLARIFICATION
amended
by
striking
OF TRANSACTION CAPS.
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LATION CROWDFUNDING.
(a) EXCLUSION
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OF
TALS.
(1) CLARIFICATION
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OF CERTAIN EXCLUSION
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REQUIREMENTS.Section
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(e) CLARIFICATION
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QUIREMENTS FOR
OF
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1 other means, has found that such issuer, in connection
2 with the offer, purchase, or sale of securities, has know3 ingly
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misleading; or
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(2) CLARIFICATION
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4A(a)(5) of
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son;.
(3) CLARIFICATION
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OF OTHER OBLIGATIONS TO
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PORTALS
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OMISSIONS.Section
FOR
OF LIABILITY OF FUNDING
MATERIAL
MISSTATEMENTS
HR 4855 IH
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AND
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lowing:
(4) LIABILITY
OF FUNDING PORTALS.For
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ties; and
(2) by inserting shall be exempt after Secu-
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(1) AMENDMENT
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(2) AMENDMENT
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PANY ACT OF
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OF RULES.Single-purpose
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3(c))
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(d) SOLICITATION
OF INTEREST.Section
4A of the
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lowing:
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GENERAL.At
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(A) no investor funds are accepted by
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4(a)(6)..
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