From the Denver Business Journal:http://www.bizjournals.com/denver/news/2012/03/28/crowdfunding.htmlDenver Business Journal by Kent Hoover, Washington Bureau Chief
Date: Wednesday, March 28, 2012, 1:51pm MDT
Related:
Banking & Financial Services,Technology,Entrepreneurs,Funding,Investing,Politics,Small
Business,Startups,Policy
Kent HooverWashington Bureau Chief -Email|TwitterLegislation that will make it easier for small companies to obtain capital from investors is headed toPresidentBarack Obamafor his expected signature.The bill includes a "crowdfunding" amendment -- co-authored by Sen.Michael Bennetof Colorado-- that aims to make it easier for small businesses to use the Internet to raise small investmentsfrom large numbers of people.The
U.S. House of Representatives
Tuesday today passed the "Jumpstart Our BusinessStartups" (or JOBS) Act by a 380-41 margin, accepting thecrowdfunding changes made by theSenate last week .The legislation will enable small businesses to use the Internet to raise up to $1 million in smallinvestments from lots of people, a technique known as crowdfunding.It also will encourage more companies to go public by exempting them from some
Securities andExchange Commission
regulations in the first five years after an initial public offering.Plus, companies will be able to offer up to $50 million in stock to the public without registering withthe SEC, up from the previous threshold of $5 million.The Senate amended the bill to require companies that use crowdfunding to provide financialstatements to investors. Under the crowdfunding amendment:
Bill enables small businesses to use crowdfunding, makes IPOs more attr...http://www.bizjournals.com/denver/news/2012/03/28/crowdfunding.htm...1 of 23/31/2012 2:49 PM
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