HR 5458 · 117th Congress · Finance and Financial Sector

SEED Act of 2021

Introduced 2021-09-30· Sponsored by Rep. McHenry, Patrick T. [R-NC-10]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2021-09-30)

Plain Language Summary

[AI summary unavailable — showing source text] Small Entrepreneurs' Empowerment and Development Act of 2021 or the SEED Act of 2021 This bill establishes an exemption to certain securities regulations for small offerings of securities. Specifically, securities registration is not required for a sale of securities if the total amount of securities sold by the issuer during the preceding 12-month period sale does not exceed $250,000. Furthermore, the Securities and Exchange Commission must issue rules under which an issuer is disqualified from offering securities through this exemption. These rules must disqualify any such offering or sale of securities by a person subject to specified regulatory disciplinary actions or convicted of certain felonies or misdemeanors.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (4)

4 Republicans