Unlocking Capital for Small Businesses Act of 2022
Bill journey · stage 1 of 5
Just introduced
What it doesSummary introduced in senate (Mar 24, 2022)
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.
What just happenedApr 5, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Who’s behind it
- Introduced in SenateMar 24, 2022
- Apr 5, 2022Committee
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Banking, Housing, and Urban Affairs Committee - Mar 24, 2022IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Mar 24, 2022IntroReferral10000
Introduced in Senate