Cowdsourcing.org The Industry Website

Register Login
or sign in with

Web's Largest listing of crowdsourcing and crowdfunding events

Events

Advertise

 

Web's Largest Directory of Sites

2,802 crowdsourcing and crowdfunding sites


Obama Administration Backs GOP-authored Crowdfunding Bill
editorial

Obama Administration Backs GOP-authored Crowdfunding Bill

In a recent statement of administration policy, the Obama administration outlined its support for H.R. 2930, the ‘Entrepreneur Access to Capital Act’ authored by House Representative Patrick McHenry (R-NC).

“H.R. 2930 is broadly consistent with the President’s [jobs] proposal,” reads the statement. “This bill will make it easier for entrepreneurs to raise capital and create jobs.”
 
If passed, the bill would offer a crowdfunding exemption for start-ups, who would be allowed to receive investments of up to $10,000 via the internet without first approaching the Securities and Exchange Commission. It would also represent a rare moment of bipartisan cooperation in a staunchly divided political climate.
 
The bill largely mirrors the crowdfunding investment framework — outlined in this op-ed in support of H.R. 2930 — which is already legal in countries like France and the U.K.

Flag This

1

Comments

Guest
 Join or Login
 Optional