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Crowdfunding Simplification: New Rules for Investors and Platforms

This act aims to simplify crowdfunding regulations, potentially making it easier for small businesses to raise capital and for citizens to invest in them. The changes primarily concern how crowdfunding platforms are held accountable for information and how they are treated under financial regulations. This could increase investment accessibility and reduce bureaucracy.
Key points
Easier for Crowdfunding Platforms: They won't need to register in every state, reducing costs and simplifying operations.
Platform Accountability: Platforms will be liable for knowingly making misleading statements or engaging in fraud, protecting investors.
Exemption from Money Laundering Rules: Crowdfunding platforms will not be subject to strict financial transaction reporting requirements, simplifying their operations.
Investment Advice: Platforms can provide general investment advice not tailored to specific individuals, which may help investors understand the market.
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Additional Information
Print number: 117_HR_9478
Sponsor: Rep. McHenry, Patrick T. [R-NC-10]
Process start date: 2022-12-08
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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

Improving Crowdfunding Opportunities Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_9478.

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 2022-12-08.

What are the main provisions?

Key points include:

  • Easier for Crowdfunding Platforms: They won't need to register in every state, reducing costs and simplifying operations.
  • Platform Accountability: Platforms will be liable for knowingly making misleading statements or engaging in fraud, protecting investors.
  • Exemption from Money Laundering Rules: Crowdfunding platforms will not be subject to strict financial transaction reporting requirements, simplifying their operations.
  • Investment Advice: Platforms can provide general investment advice not tailored to specific individuals, which may help investors understand the market.
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