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United States · Bill · HR

H.R. 6252 (116th)

Relief for Small Businesses Through Micro-Offerings Act of 2020

referredUnited States· United States Congress· EN

Introduced

12 March 2020

Last action

12 March 2020 · Introduced

Status

Referred to the House Committee on Financial Services.

Sponsors

Rep. McHenry, Patrick T. [R-NC-10], Rep. Wagner, Ann [R-MO-2], Rep. Barr, Andy [R-KY-6], Rep. Stivers, Steve [R-OH-15], Rep. Huizenga, Bill [R-MI-4]

Subjects

Discovery layer

Source updated

3 January 2025

Official sourceDownload fileView documentsShare

Summary

Relief for Small Businesses Through Micro-Offerings Act of 2020 This bill temporarily exempts certain securities offerings from the registration requirements of the Securities and Exchange Commission (SEC). Specifically, securities offerings are exempt from these registration requirements if (1) the aggregate amount of securities sold to all investors by the issuer is not more than $250,000, (2) the amount sold to any investor by the issuer does not exceed $5,000, and (3) the transaction is conducted through a registered broker or funding portal. This exemption ends three years after the date of enactment. The SEC may by rule prohibit a person from engaging in such an offering if the person is subject to certain bad-actor or statutory disqualifications. The Government Accountability Office must report on the impact of this exemption.

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

Timeline

  1. 12 March 2020

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 12 March 2020

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 12 March 2020

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 12 March 2020

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  • Introduced in House (PDF)

    Introduced in House · EN · 12 March 2020

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 12 March 2020

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Sponsors

Related records

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Sources

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