/  H.R. 2930 - Entrepreneur Access to Capital Act

H.R. 2930 - Entrepreneur Access to Capital Act

Bill Text

  • Text of H.R. 2930 PDF XML

    Entrepreneur Access to Capital Act

  • H. Rept. 112-262 PDF XML

    Report from the Committee on Financial Services

Rule Information

 

COMMITTEE ACTION:
REPORTED BY VOICE VOTE on Wednesday, November 2, 2011.

FLOOR ACTION ON H. RES. 453: 
Adopted by voice vote, after agreeing to the previous question by record vote of 241-184, on Thursday, November 3, 2011. 

MANAGERS: Sessions/Polis

1. Structured rule for H.R. 2930. 

2. Provides one hour of general debate equally divided and controlled by the chair and ranking minority member of the Committee on Financial Services.

3. Waives all points of order against consideration of the bill.

4. Provides that the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill shall be considered as original text for the purpose of amendment and shall be considered as read.

5. Waives all points of order against the committee amendment in the nature of a substitute.

6. Makes in order only those further amendments to H.R. 2930 printed in part A of the Rules Committee report. Each such amendment may be offered only in the order printed in the report, may be offered only by a Member designated in the report, shall be considered as read, shall be debatable for the time specified in the report equally divided and controlled by the proponent and an opponent, shall not be subject to amendment, and shall not be subject to a demand for division of the question.

7. Waives all points of order against the amendments printed in part A of the Rules Committee report.

8. Provides one motion to recommit with or without instructions.

9. Structured rule for H.R. 2940.

10. Provides one hour of debate equally divided and controlled by the chair and ranking minority member of the Committee on Financial Services.

11. Waives all points of order against consideration of the bill.

12. Provides that the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill shall be considered as adopted, and the bill, as amended, shall be considered as read.

13. Waives all points of order against provisions in the bill, as amended.

14. Makes in order the further amendment printed in part B of the Rules Committee report, if offered by Representative Miller of North Carolina or his designee, which shall be considered as read and shall be separately debatable for 10 minutes equally divided and controlled by the proponent and an opponent.

15. Waives all points of order against the amendment printed in part B of the Rules Committee report.

16. Provides one motion to recommit with or without instructions.

 

Amendments

#Version #Sponsor(s)PartySummaryStatus
6Version 1Barrow (GA)DemocratWould require the Commission to establish a website that provides the public with crowdfunding website safety tips for investing in securities described under section 4(6).Made In Order
2Version 1Fincher (TN), Sherman (CA)BipartisanWould index to inflation the $1 million and $2 million aggregate annual amounts raised through the issue of the securities as authorized in the bill. The index for inflation would be measured by the annual change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics. Made In Order
4Version 2McHenry (NC)RepublicanRevised Would make technical corrections. Would also require the issuer to state a target offering amount and a deadline to reach the target offering amount. Would require that the Securities and Exchange Commission is provided a notice upon completion of the offering, which shall include the aggregate offering amount and the number of purchasers. Would clarify the disqualification provision to ensure that both issuers and intermediaries, as well as their predecessors, affiliates, officers, directors, or persons fulfilling similar roles, are disqualified from the exemption established in this bill should they have a history of committing securities fraud.Made In Order
3Version 1Perlmutter (CO), McHenry (NC)BipartisanWould preserve a state's right to enforce securities laws with respect to fraud, deceit or unlawful conduct.Made In Order
1Version 1Quayle (AZ)RepublicanWould index the $10,000 individual investment cap to inflation.Made In Order
5Version 1Velzquez (NY)DemocratWould require crowdfunding intermediaries to disclose their method of compensation to potential investors. Made In Order