arrow_back Back to App

Easier Capital Access for Small Businesses

This act aims to simplify how small businesses raise money for growth. It introduces new rules for individuals who help connect businesses with investors, reducing their administrative burden. This could make it easier for small businesses to secure funding, potentially leading to job creation and economic growth.
Key points
Reduced paperwork for individuals assisting small businesses in raising capital, potentially speeding up the investment process.
New rules define who can act as a financial intermediary for small businesses, while ensuring certain transparency requirements.
Limits states' ability to impose additional, stricter requirements on these intermediaries, standardizing regulations nationwide.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_8998
Sponsor: Rep. Budd, Ted [R-NC-13]
Process start date: 2022-09-28
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Unlocking Capital for Small Businesses Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_8998.

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 2022-09-28.

What are the main provisions?

Key points include:

  • Reduced paperwork for individuals assisting small businesses in raising capital, potentially speeding up the investment process.
  • New rules define who can act as a financial intermediary for small businesses, while ensuring certain transparency requirements.
  • Limits states' ability to impose additional, stricter requirements on these intermediaries, standardizing regulations nationwide.
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. Budd, Ted [R-NC-13].

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