United States · Bill · HR
H.R. 2930 (112th)
Entrepreneur Access to Capital Act
Introduced
14 September 2011
Last action
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Status
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-444.
Sponsors
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Subjects
Discovery layer
Source updated
7 April 2025
Summary
Entrepreneur Access to Capital Act - Amends the Securities Act of 1933 to exempt from the prohibitions against use of interstate commerce and the mails for sale or delivery after sale of unregistered securities, including unregistered security-based swaps, any transactions involving the issuance of (crowdfunded) securities for which: (1) the aggregate annual amount raised through such issue is $5 million or less; and (2) individual investments in the securities are limited to an aggregate annual amount equal to the lesser of $10,000, and 10% of the investor's annual income. (Crowdfunding is a method of capital formation where groups of people pool money, typically composed of very small individual contributions, and often via internet platforms, to invest in a company or otherwise support an effort by others to accomplish a specific goal.) Authorizes an issuer to rely upon certifications provided by investors to verify an investor's income. Amends the Securities Exchange Act of 1934 to exclude persons holding crowdfunded securities under this Act from application of the 500-to-750 shareholder "held of record" criterion for a class of equity security subject to mandatory registration. Amends the Securities Act of 1933 to exempt such crowdfunded securities from state regulation of securities offerings.
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Votes
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Versions
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Documents
11 official files
Placed on Calendar Senate (text)
Placed on Calendar Senate (text)
Placed on Calendar Senate · EN · 8 November 2011
Placed on Calendar Senate (PDF)
Placed on Calendar Senate · EN · 8 November 2011
Engrossed in House (text)
Engrossed in House · EN · 3 November 2011
Engrossed in House (PDF)
Engrossed in House · EN · 3 November 2011
Passed House amended
summary · EN · 3 November 2011
Reported in House (text)
Reported in House · EN · 31 October 2011
Reported in House (PDF)
Reported in House · EN · 31 October 2011
Reported to House with amendment(s)
summary · EN · 31 October 2011
Introduced in House (text)
Introduced in House · EN · 14 September 2011
Introduced in House (PDF)
Introduced in House · EN · 14 September 2011
Introduced in House
summary · EN · 14 September 2011
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/112th-congress/house-bill/2930
- Open data entity: https://api.congress.gov/v3/bill/112/hr/2930