Reforming Access for Investments in Startup Enterprises Act of 2015 or the RAISE Act of 2015

Summary

Reforming Access for Investments in Startup Enterprises Act of 2015 or the RAISE Act of 2015 Amends the Securities Act of 1933 to exempt from prohibitions relating to interstate commerce and the mails any transaction where: (1) each purchaser is an accredited investor; and (2) if the securities are offered by means of any general solicitation or general advertising, all such sales are made through a platform available only to accredited investors. Denies such exemption to transactions where the seller is: (1) either an issuer, its subsidiaries or parent; (2) a dealer; or (3) an underwriter acting on behalf of the issuer, its subsidiaries, or parent, which receives compensation from the issuer with respect to such sale.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 16 April 2015

   Introduced

   Introduced in House

   Source: IntroReferral

2. 16 April 2015

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

3. 16 April 2015

   Introduced

   Introduced in House

   Source: IntroReferral

4. 29 April 2015

   Committee

   Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.

   Source: Committee

5. 28 July 2015

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

6. 29 July 2015

   Vote

   Ordered to be Reported (Amended) by the Yeas and Nays: 58 - 0.

   Source: Committee

7. 29 July 2015

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

8. 6 October 2015

   Vote

   On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 404 - 0 (Roll no. 535). (text: CR H6806)

   Source: Floor

9. 6 October 2015

   Passed

   Motion to reconsider laid on the table Agreed to without objection.

   Source: Floor

10. 6 October 2015

    Vote

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 404 - 0 (Roll no. 535).(text: CR H6806)

    Source: Floor

11. 6 October 2015

    Floor

    Considered under suspension of the rules. (consideration: CR H6805-6808)

    Source: Floor

12. 6 October 2015

    Vote

    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

    Source: Floor

13. 6 October 2015

    Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 1839.

    Source: Floor

14. 6 October 2015

    Floor

    Mr. Garrett moved to suspend the rules and pass the bill, as amended.

    Source: Floor

15. 6 October 2015

    Calendars

    Placed on the Union Calendar, Calendar No. 213.

    Source: Calendars

16. 6 October 2015

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 114-281.

    Source: Committee

17. 6 October 2015

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 114-281.

    Source: Committee

18. 7 October 2015

    Introduced

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Referred in Senate · 7 October 2015 · Official file
• Reported in House · 6 October 2015 · Official file
• Engrossed in House · 6 October 2015 · Official file
• Introduced in House · 16 April 2015 · Official file

Documents

10 official files

• Referred in Senate (text)

  Referred in Senate · EN · 7 October 2015

  ViewDownloadOpen at official source

• Referred in Senate (PDF)

  Referred in Senate · EN · 7 October 2015

  ViewDownloadOpen at official source

• Engrossed in House (text)

  Engrossed in House · EN · 6 October 2015

  ViewDownloadOpen at official source

• Engrossed in House (PDF)

  Engrossed in House · EN · 6 October 2015

  ViewDownloadOpen at official source

• Reported in House (text)

  Reported in House · EN · 6 October 2015

  ViewDownloadOpen at official source

• Reported in House (PDF)

  Reported in House · EN · 6 October 2015

  ViewDownloadOpen at official source

• Passed House amended

  summary · EN · 6 October 2015

  Open at official source

• Introduced in House (text)

  Introduced in House · EN · 16 April 2015

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 16 April 2015

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 16 April 2015

  Open at official source

Sponsors

• Patrick McHenry · R · Sponsor
• David Schweikert · R · Cosponsor
• · ssbk00 · Standing
• · hsba00 · Standing

Related records

• related to → FAST Act