SEED Act of 2022
Bill journey · stage 1 of 5
Just introduced
What it doesSummary introduced in senate (Mar 28, 2022)
Small Entrepreneurs' Empowerment and Development Act of 2022 or the SEED Act of 2022
This bill creates an exemption to securities registration requirements for a micro-offering of securities. In general, the Securities and Exchange Commission (SEC) prohibits the offering or selling of securities unless the offering is registered with the SEC or it qualifies for an exemption.
The bill defines a micro-offering as an aggregate amount of securities sold by an issuer that does not exceed $500,000 in a 12-month period. This exemption does not apply to issuers who are convicted of specified financial crimes or are subject to specified disciplinary actions.
What just happenedApr 5, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Who’s behind it
- Introduced in SenateMar 28, 2022
- Apr 5, 2022Committee
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Banking, Housing, and Urban Affairs Committee - Mar 28, 2022IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Mar 28, 2022IntroReferral10000
Introduced in Senate