Micro Offering Safe Harbor Act

Summary

Micro Offering Safe Harbor Act This bill amends the Securities Act of 1933 to exempt from specified prohibitions against the sale or delivery after sale of unregistered securities, among other things, transactions involving the sale of securities by an issuer of micro-offerings that meet one or more of the following criteria: each purchaser has a substantive pre-existing relationship with either an officer or director of the issuer, or with a shareholder holding 10% or more of the issuer's shares; during the 12-month period preceding the transaction there are no more than 35 purchasers of such micro-offerings sold in reliance on this exemption; and the aggregate amount of all securities sold by the issuer (including any amount sold in reliance upon the exemption) during the 12-month period preceding the transaction does not exceed $500,000. The bill also exempts such micro-offerings from state regulation of securities offerings.

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Timeline

1. 23 March 2016

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 23 March 2016

   Introduced

   Introduced in House

   Source: IntroReferral

3. 23 March 2016

   Introduced

   Introduced in House

   Source: IntroReferral

4. 14 April 2016

   Committee

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

   Source: Committee

5. 15 June 2016

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

6. 16 June 2016

   Vote

   Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 25.

   Source: Committee

7. 16 June 2016

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

8. 6 September 2016

   Calendars

   Placed on the Union Calendar, Calendar No. 561.

   Source: Calendars

9. 6 September 2016

   Reported

   Reported (Amended) by the Committee on Financial Services. H. Rept. 114-723.

   Source: Committee

10. 6 September 2016

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 114-723.

    Source: Committee

Votes

No vote records are attached yet.

Versions

• Reported in House · 6 September 2016 · Download file
• Introduced in House · 23 March 2016 · Download file

Documents

6 official files

• Reported in House (text)

  Reported in House · EN · 6 September 2016

  ViewDownloadOpen at official source

• Reported in House (PDF)

  Reported in House · EN · 6 September 2016

  ViewDownloadOpen at official source

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  Vertaal document

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• Reported to House with amendment(s)

  summary · EN · 6 September 2016

  Open at official source

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  Vertaal document

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• Introduced in House (text)

  Introduced in House · EN · 23 March 2016

  ViewDownloadOpen at official source

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Introduced in House (PDF)

  Introduced in House · EN · 23 March 2016

  ViewDownloadOpen at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Introduced in House

  summary · EN · 23 March 2016

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Emmer, Tom [R-MN-6] · R · Sponsor
• Rep. Messer, Luke [R-IN-6] · R · Sponsor
• Rep. Barr, Andy [R-KY-6] · R · Sponsor
• Rep. Royce, Edward R. [R-CA-39] · R · Sponsor
• Rep. Chabot, Steve [R-OH-1] · R · Sponsor
• Rep. Tipton, Scott R. [R-CO-3] · R · Sponsor
• Rep. Brooks, Mo [R-AL-5] · R · Sponsor
• Rep. Williams, Roger [R-TX-25] · R · Sponsor
• · hsba00 · Standing

Related records

• related to → Accelerating Access to Capital Act of 2016
• related to → Micro Offering Safe Harbor Act
• related to ← Financial CHOICE Act of 2016