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United States · Bill · S

S. 3922 (117th)

Unlocking Capital for Small Businesses Act of 2022

openUnited States· United States Congress· EN

Introduced

24 March 2022

Last action

5 April 2022 · Committee

Status

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-621.

Sponsors

Sen. Cramer, Kevin [R-ND]

Subjects

Discovery layer

Source updated

27 May 2026

Summary

Unlocking Capital for Small Businesses Act of 2022 This bill revises the regulatory treatment of private-placement brokers (brokers who receive transaction-based compensation for the sale of securities to preselected individuals or institutions) and finders (private-placement brokers who do not exceed a specified amount of compensation, transaction value, or number of transactions in a year). Specifically, the bill (1) requires the Securities and Exchange Commission to establish registration requirements for private-placement brokers that are no more stringent than those imposed on crowdfunding portals, (2) allows for membership in any national securities association for private-placement brokers, (3) exempts private-placement brokers from broker regulations, and (4) otherwise modifies provisions related to private-placement brokers and finders.

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

Timeline

  1. 24 March 2022

    Introduced

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

    Source: IntroReferral

  2. 24 March 2022

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 5 April 2022

    Committee

    Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-621.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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Leesvertaling

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 24 March 2022

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 24 March 2022

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 24 March 2022

    Open at official source

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Sponsors

Related records

Sources

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