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Crowdfunding Simplification: Fewer Rules, More Investor Protection.

This new law simplifies capital raising for small businesses through crowdfunding by removing certain state requirements. This expands investment opportunities for citizens while clarifying the liability of crowdfunding platforms for misleading information. Citizens can more easily support innovative projects, but should be aware that platforms still have a duty to provide accurate information.
Key points
Less bureaucracy for businesses: Companies raising capital through crowdfunding will no longer need to register in every state, making it easier for them to operate.
Increased platform accountability: Crowdfunding platforms will be held liable for knowingly making misleading statements or engaging in fraud, increasing investor safety.
Exemption from money laundering rules: Crowdfunding platforms will not be subject to strict financial transaction reporting requirements, which may streamline their operations.
Easier investment advice: Platforms can provide general investment advice not tailored to specific individuals, which may help investors make decisions.
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Expired
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Additional Information
Print number: 117_S_3967
Sponsor: Sen. Moran, Jerry [R-KS]
Process start date: 2022-03-30
Lustra uses Artificial Intelligence. Verify details in source documents.
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_S_3967.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-03-30.

What are the main provisions?

Key points include:

  • Less bureaucracy for businesses: Companies raising capital through crowdfunding will no longer need to register in every state, making it easier for them to operate.
  • Increased platform accountability: Crowdfunding platforms will be held liable for knowingly making misleading statements or engaging in fraud, increasing investor safety.
  • Exemption from money laundering rules: Crowdfunding platforms will not be subject to strict financial transaction reporting requirements, which may streamline their operations.
  • Easier investment advice: Platforms can provide general investment advice not tailored to specific individuals, which may help investors make decisions.
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 Sen. Moran, Jerry [R-KS].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy