Legis Daily

SEED Act of 2021

USA117th CongressHR-5458| House 
| Updated: 9/30/2021
Patrick T. McHenry

Patrick T. McHenry

Republican Representative

North Carolina

Cosponsors (4)
Stephanie I. Bice (Republican)Mike Flood (Republican)Richard Hudson (Republican)Tom Emmer (Republican)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Small Entrepreneurs' Empowerment and Development Act of 2021 or the SEED Act of 2021 This bill establishes an exemption to certain securities regulations for small offerings of securities. Specifically, securities registration is not required for a sale of securities if the total amount of securities sold by the issuer during the preceding 12-month period sale does not exceed $250,000. Furthermore, the Securities and Exchange Commission must issue rules under which an issuer is disqualified from offering securities through this exemption. These rules must disqualify any such offering or sale of securities by a person subject to specified regulatory disciplinary actions or convicted of certain felonies or misdemeanors.
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Timeline

Bill from Previous Congress

HR 116-5272
SEED Act
Sep 30, 2021
Introduced in House
Sep 30, 2021
Referred to the House Committee on Financial Services.
Apr 5, 2022

Latest Companion Bill Action

S 117-3939
Committee on Banking, Housing, and Urban Affairs. Hearings held.
  • Bill from Previous Congress

    HR 116-5272
    SEED Act


  • September 30, 2021
    Introduced in House


  • September 30, 2021
    Referred to the House Committee on Financial Services.


  • April 5, 2022

    Latest Companion Bill Action

    S 117-3939
    Committee on Banking, Housing, and Urban Affairs. Hearings held.

Finance and Financial Sector

SEED Act of 2021

USA117th CongressHR-5458| House 
| Updated: 9/30/2021
Small Entrepreneurs' Empowerment and Development Act of 2021 or the SEED Act of 2021 This bill establishes an exemption to certain securities regulations for small offerings of securities. Specifically, securities registration is not required for a sale of securities if the total amount of securities sold by the issuer during the preceding 12-month period sale does not exceed $250,000. Furthermore, the Securities and Exchange Commission must issue rules under which an issuer is disqualified from offering securities through this exemption. These rules must disqualify any such offering or sale of securities by a person subject to specified regulatory disciplinary actions or convicted of certain felonies or misdemeanors.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-5272
SEED Act
Sep 30, 2021
Introduced in House
Sep 30, 2021
Referred to the House Committee on Financial Services.
Apr 5, 2022

Latest Companion Bill Action

S 117-3939
Committee on Banking, Housing, and Urban Affairs. Hearings held.
  • Bill from Previous Congress

    HR 116-5272
    SEED Act


  • September 30, 2021
    Introduced in House


  • September 30, 2021
    Referred to the House Committee on Financial Services.


  • April 5, 2022

    Latest Companion Bill Action

    S 117-3939
    Committee on Banking, Housing, and Urban Affairs. Hearings held.
Patrick T. McHenry

Patrick T. McHenry

Republican Representative

North Carolina

Cosponsors (4)
Stephanie I. Bice (Republican)Mike Flood (Republican)Richard Hudson (Republican)Tom Emmer (Republican)

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted