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Easier Capital Raising for Small Businesses: Simplified Rules.

This act aims to make it easier for small businesses to raise money for their operations. It introduces simplified rules for selling company shares, removing many complex requirements. This allows smaller companies to more easily secure funding, potentially leading to job creation and local economic growth.
Key points
Small businesses can sell up to $250,000 in securities over 12 months without complex filings.
Despite simplifications, companies must still adhere to anti-fraud provisions.
Disqualification rules are established for individuals or entities with past serious financial misconduct.
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Expired
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Additional Information
Print number: 117_HR_5458
Sponsor: Rep. McHenry, Patrick T. [R-NC-10]
Process start date: 2021-09-30
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

SEED Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_5458.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-09-30.

What are the main provisions?

Key points include:

  • Small businesses can sell up to $250,000 in securities over 12 months without complex filings.
  • Despite simplifications, companies must still adhere to anti-fraud provisions.
  • Disqualification rules are established for individuals or entities with past serious financial misconduct.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. McHenry, Patrick T. [R-NC-10].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy