Unlocking Capital for Small Businesses Act of 2019 This 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, and (3) otherwise modifies provisions related to private-placement brokers and finders.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Introduced in House
Referred to the House Committee on Financial Services.
Finance and Financial Sector
Business investment and capitalFinancial services and investmentsLicensing and registrationsSecurities
Unlocking Capital for Small Businesses Act of 2019
USA116th CongressHR-3768| House
| Updated: 7/16/2019
Unlocking Capital for Small Businesses Act of 2019 This 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, and (3) otherwise modifies provisions related to private-placement brokers and finders.