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Crowdfunding Reform: Higher Investment Limits and Reduced Red Tape.

This law simplifies capital raising for small businesses via crowdfunding platforms. The most significant change for citizens is a substantial increase in the investment limit for non-accredited investors, now capped at 10% of their annual income or net worth. Additionally, the act removes state registration requirements for the secondary sale of these securities, making it easier for investors to sell their shares later.
Key points
Increased investment limit for regular citizens (non-accredited investors) to 10% of their annual income or net worth, increasing potential returns and risk exposure.
Easier resale of crowdfunding shares by overriding state registration requirements for secondary transactions.
Reduced regulatory and reporting burdens for crowdfunding platforms (funding portals), potentially encouraging market growth.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_2607
Sponsor: Rep. McHenry, Patrick T. [R-NC-10]
Process start date: 2023-04-13
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Summarized by: gemini-flash-latest
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 118_HR_2607.

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 2023-04-13.

What are the main provisions?

Key points include:

  • Increased investment limit for regular citizens (non-accredited investors) to 10% of their annual income or net worth, increasing potential returns and risk exposure.
  • Easier resale of crowdfunding shares by overriding state registration requirements for secondary transactions.
  • Reduced regulatory and reporting burdens for crowdfunding platforms (funding portals), potentially encouraging market growth.
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 2025-12-30.

CATEGORIES

Economy