Legis Daily

SEED Act of 2022

USA117th CongressS-3939| Senate 
| Updated: 4/5/2022
Tim Scott

Tim Scott

Republican Senator

South Carolina

Cosponsors (1)
Jerry Moran (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Small Entrepreneurs' Empowerment and Development Act of 2022 or the SEED Act of 2022 This bill creates an exemption to securities registration requirements for a micro-offering of securities. In general, the Securities and Exchange Commission (SEC) prohibits the offering or selling of securities unless the offering is registered with the SEC or it qualifies for an exemption. The bill defines a micro-offering as an aggregate amount of securities sold by an issuer that does not exceed $500,000 in a 12-month period. This exemption does not apply to issuers who are convicted of specified financial crimes or are subject to specified disciplinary actions.
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Timeline
Mar 28, 2022
Introduced in Senate
Mar 28, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 5, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Jun 7, 2022

Latest Companion Bill Action

HR 117-7971
Introduced in House
  • March 28, 2022
    Introduced in Senate


  • March 28, 2022
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • April 5, 2022
    Committee on Banking, Housing, and Urban Affairs. Hearings held.


  • June 7, 2022

    Latest Companion Bill Action

    HR 117-7971
    Introduced in House

Finance and Financial Sector

Banking and financial institutions regulationFinancial services and investmentsSecuritiesState and local government operations

SEED Act of 2022

USA117th CongressS-3939| Senate 
| Updated: 4/5/2022
Small Entrepreneurs' Empowerment and Development Act of 2022 or the SEED Act of 2022 This bill creates an exemption to securities registration requirements for a micro-offering of securities. In general, the Securities and Exchange Commission (SEC) prohibits the offering or selling of securities unless the offering is registered with the SEC or it qualifies for an exemption. The bill defines a micro-offering as an aggregate amount of securities sold by an issuer that does not exceed $500,000 in a 12-month period. This exemption does not apply to issuers who are convicted of specified financial crimes or are subject to specified disciplinary actions.
View Full Text

Suggested Questions

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

Timeline
Mar 28, 2022
Introduced in Senate
Mar 28, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 5, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Jun 7, 2022

Latest Companion Bill Action

HR 117-7971
Introduced in House
  • March 28, 2022
    Introduced in Senate


  • March 28, 2022
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • April 5, 2022
    Committee on Banking, Housing, and Urban Affairs. Hearings held.


  • June 7, 2022

    Latest Companion Bill Action

    HR 117-7971
    Introduced in House
Tim Scott

Tim Scott

Republican Senator

South Carolina

Cosponsors (1)
Jerry Moran (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Banking and financial institutions regulationFinancial services and investmentsSecuritiesState and local government operations