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Unlocking Capital for Small Businesses Act of 2022

USA117th CongressHR-8998| House 
| Updated: 9/28/2022
Ted Budd

Ted Budd

Republican Representative

North Carolina

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Unlocking Capital for Small Businesses Act of 2022 This bill revises the regulatory treatment of private-placement brokers (brokers who receive transaction-based compensation for the sale of securities to preselected individuals or institutions) and finders (private-placement brokers who do not exceed a specified amount of compensation, transaction value, or number of transactions in a year). Specifically, the 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, (3) exempts private-placement brokers from broker regulations, and (4) otherwise modifies provisions related to private-placement brokers and finders.
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Timeline

Bill from Previous Congress

HR 116-3768
Unlocking Capital for Small Businesses Act of 2019
Apr 5, 2022

Latest Companion Bill Action

S 117-3922
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Sep 28, 2022
Introduced in House
Sep 28, 2022
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 116-3768
    Unlocking Capital for Small Businesses Act of 2019


  • April 5, 2022

    Latest Companion Bill Action

    S 117-3922
    Committee on Banking, Housing, and Urban Affairs. Hearings held.


  • September 28, 2022
    Introduced in House


  • September 28, 2022
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Related Bills

  • S 117-3922: Unlocking Capital for Small Businesses Act of 2022

Unlocking Capital for Small Businesses Act of 2022

USA117th CongressHR-8998| House 
| Updated: 9/28/2022
Unlocking Capital for Small Businesses Act of 2022 This bill revises the regulatory treatment of private-placement brokers (brokers who receive transaction-based compensation for the sale of securities to preselected individuals or institutions) and finders (private-placement brokers who do not exceed a specified amount of compensation, transaction value, or number of transactions in a year). Specifically, the 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, (3) exempts private-placement brokers from broker regulations, and (4) otherwise modifies provisions related to private-placement brokers and finders.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

HR 116-3768
Unlocking Capital for Small Businesses Act of 2019
Apr 5, 2022

Latest Companion Bill Action

S 117-3922
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Sep 28, 2022
Introduced in House
Sep 28, 2022
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 116-3768
    Unlocking Capital for Small Businesses Act of 2019


  • April 5, 2022

    Latest Companion Bill Action

    S 117-3922
    Committee on Banking, Housing, and Urban Affairs. Hearings held.


  • September 28, 2022
    Introduced in House


  • September 28, 2022
    Referred to the House Committee on Financial Services.
Ted Budd

Ted Budd

Republican Representative

North Carolina

Financial Services Committee

Finance and Financial Sector

Related Bills

  • S 117-3922: Unlocking Capital for Small Businesses Act of 2022
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted