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Key Votes

HR 2930 - Authorizes Crowdfunding for Small Businesses - National Key Vote

Jesse Jackson, Jr. voted Yea (Passage) on this Legislation.

Read statements Jesse Jackson, Jr. made in this general time period.


Related Legislation

Issues Related to HR 2930

Stage Details

Legislation - Bill Passed (House) (407-17) - (Key vote)
See How Your Politicians Voted

Title: Authorizes Crowdfunding for Small Businesses

Vote Result
Yea Votes
Nay Votes
Vote Smart's Synopsis:

Vote to pass a bill that authorizes crowdfunding for small businesses.

  • Establishes crowdfunding exemptions for the following instances (Sec. 2):
    • Transactions involving the issuance of securities that aggregate $1 million or less annually;
    • If the issuer provides potential investors with audited financial statements of $2 million or less; or
    • When individual investments in the securities are less than $10,000 per year or 10 percent of the investor's annual income, whichever amount is smaller.
  • Establishes crowdfunding exemption requirements for intermediaries and for security issuers who do not use intermediaries (Sec. 2).
  • Specifies that a securities issuer or intermediary may rely on certifications provided by an investor to verify the investor's income (Sec. 2).
  • Prohibits investors from selling securities for a 1-year period beginning on the date of purchase, unless the securities are sold to (Sec. 2):
    • The issuer of such securities; or
    • An accredited investor.
  • Specifies that intermediaries are not required to register as a broker (Sec. 2).
Legislation - Introduced (House) -

Title: Authorizes Crowdfunding for Small Businesses



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