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Easier Capital Raising for Small Businesses

New rules make it easier for small businesses to raise money for growth by reducing paperwork for selling securities up to $250,000 annually. This means smaller companies can get funds faster and more easily, potentially leading to new job creation and local economic growth. At the same time, the act includes safeguards against fraud to protect investors.
Key points
Small businesses can sell up to $250,000 in securities annually without complex filings.
Less bureaucracy for entrepreneurs means faster access to capital for growth.
Rules are in place to disqualify individuals with a history of fraud from using these exemptions, protecting investors.
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Expired
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Additional Information
Print number: 118_HR_2609
Sponsor: Rep. McHenry, Patrick T. [R-NC-10]
Process start date: 2023-04-13
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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 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2609.

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:

  • Small businesses can sell up to $250,000 in securities annually without complex filings.
  • Less bureaucracy for entrepreneurs means faster access to capital for growth.
  • Rules are in place to disqualify individuals with a history of fraud from using these exemptions, protecting investors.
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 2025-12-25.

CATEGORIES

Economy