Bill Sponsor
BILLSPONSOR
Bill Sponsor
Politicians
Bills
House Bill 2590
118th Congress(2023-2024)
Unlocking Capital for Small Businesses Act of 2023
Introduced
Introduced
Introduced in House on Apr 13, 2023
Overview
Text
Introduced
Apr 13, 2023
Latest Action
Apr 13, 2023
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2590
Congress
118
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
Andrew Garbarino
New York
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

Unlocking Capital for Small Businesses Act of 2023

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.

Text (1)
Introduced in House
April 13, 2023
Related Bills (2)
Jun 11, 2024
Introduced in Senate
1
Sponsorship
Senate Bill 4493
Unlocking Capital for Small Businesses Act of 2024
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Mar 08, 2024
Passed House
1
Sponsorship
House Bill 2799
Expanding Access to Capital Act of 2023
Active
Amendments
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Actions (2)
04/13/2023
Referred to the House Committee on Financial Services.
04/13/2023
Introduced in House
Public Record
Record Updated
Aug 7, 2024 3:43:49 PM
Copyright © 2024 Civic Bits LLC
Privacy Policy
Terms of Service
What's New
About