United States · Bill · S
S. 3967 (117th)
Improving Crowdfunding Opportunities Act
Introduced
30 March 2022
Last action
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Status
Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance, and Investment. Hearings held.
Sponsors
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Subjects
Discovery layer
Source updated
27 May 2026
Summary
Improving Crowdfunding Opportunities Act This bill reduces regulations applicable to crowdfunding securities and portals. Crowdfunding is used to raise capital through a large number of individuals investing potentially small amounts of money. The bill exempts certain securities issued under crowdfunding regulations from state regulation of secondary transactions. It also exempts crowdfunding portals from certain anti-money laundering reporting and recordkeeping requirements. Finally, crowdfunding portals are exempted from liability for material misstatements or omissions unless the portal knowingly makes certain untrue statements or engages in fraud or deceit.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 30 March 2022
Introduced in Senate (PDF)
Introduced in Senate · EN · 30 March 2022
Introduced in Senate
summary · EN · 30 March 2022
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Sources
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- Official source: https://www.congress.gov/bill/117th-congress/senate-bill/3967
- Open data entity: https://api.congress.gov/v3/bill/117/s/3967