Tagged: legislation

House Financial Services Committee Chair Hensarling Says Dodd Frank is on its Way Out

Jeb Hensarling

The Dodd–Frank Wall Street Reform and Consumer Protection Act has become an iconic act of legislation for the Democratic party. Not because it is good legislation but because its demise represents a profound retrenchment of what they fought so hard to accomplish. This is a… Read More

Back to Work: Helping Angels Lead Our Startups Act Passes the House

Angel

The Helping Angels Lead Our Startups Act or HALOS Act passed the House today with solid bipartisan support. The final vote stood at 344-73.  The HALOS Act, sponsored by House Small Business Committee Chairman Steve Chabot, addressed a nagging issue regarding when a business may make… Read More

2017 Holds Promise for Tax & Financing Policy for Startups

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2016 brought with it many positive developments for startups in terms of capital access and tax policy. Investment crowdfunding finally went live, a number of bills to facilitate capital formation passed the House, and the startup community galvanized around a tax bill that would make… Read More

Needed Policy Reforms to Improve Entrepreneurs’ Access to Capital

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Capital formation and entrepreneurship improve economic growth, productivity and real wages. Existing securities laws impede entrepreneurial capital formation. To promote prosperity, Congress and a reconstituted Securities and Exchange Commission need to systematically reduce or eliminate state and federal regulatory barriers hindering entrepreneurs’ access to capital…. Read More

My 2017 Crowdfunding Wish List

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2016 brought with it many developments in the crowdfunding industry, most notably the introduction of the long-awaited Title III crowdfunding. While admittedly not all crowdfunding legislation passed  was as influential, there have been significant strides made to improve existing securities regulations and to continue prying… Read More

SEC Small Business Advocate Moves Closer to Reality as Senate Passes Bill

Christmas in Washington DC Capitol

The SEC Small Business Advocate Act of 2016 or HR 3784 passed the Senate on Friday (December 9, 2016) as part of a last-minute legislative push before Congress adjourns for the holiday season. The bill passed the House earlier this year meaning the bill will… Read More

Creating Financial Prosperity for Business & Investment Act Quickly Passes House and Moves to Senate

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Entrepreneurs and small business may have something for them under the Christmas tree this year courtesy of Congress.  The House of Representatives passed HR 6427 today as legislators scrambled to get a few things done before they disperse for the coming Holiday.  While there is… Read More

On Investment Crowdfunding, Diversification & the Wisdom of the Crowd

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Still Time to Fix the Fix Crowdfunding Act One of the cardinal rules of investing is  diversification – a critical ingredient for long-term portfolio growth.  This rule applies with equal, if not greater, force when investing in “Title III Regulation CF Crowdfunding” securities – open… Read More

How to Fix the Fix Crowdfunding Act

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Let me begin by saying god bless Congressman Patrick McHenry. He is out there on the front lines actually trying to make a difference and help entrepreneurs and small businesses get off the ground and succeed. Of course, no good deed goes unpunished, and a… Read More

NASAA & Congress Agree on Intrastate Crowdfunding Rule Update

mike-rothman

Last week, the North American Securities Administrators Association (NASAA) issued a statement in support of updating Rule 147 and Rule 504 of Reg D – rules that impact intrastate crowdfunding.  The statement by NASAA supported a letter sent out by several members of the Congress… Read More

Federal Court Calls CFPB Structure Unconstitutional

Richard Cordray testifying 1

The Consumer and Financial Protection Bureau (CFPB) has been labeled “unconstitutional” by a federal appeals court.  The ruling addressed specifically the agency’s structure and the amount of control exercised by its director – currently Richard Cordray.  The ruling allows for the CFPB to continue to… Read More

Congressman Patrick McHenry: “I will continue to work on the three Fintech bills I’ve now introduced”

Patrick McHenry 2

Congressman Patrick McHenry is in his sixth term in the US Congress where he represents the citizens of North Carolina’s 10th District. McHenry is also the Chief Deputy Whip, where he assists Majority Whip Steve Scalise in rallying the GOP members to support important legislative… Read More

Financial Services Innovation Act of 2016 (Deck)

App Money iPhone

Congressman Patrick McHenry announced new legislation this week created to improve financial innovation in the US. Unlike some other countries, financial service firms are mandated to follow rules enforced by a litany of government agencies.  Dealing with the maze of bureaucrats is not easy for… Read More

Here is the Legislation Designed to Improve Fintech Innovation in the US

Patrick McHenry 2

Yesterday Crowdfund Insider wrote about forthcoming legislation from Congressman Patrick McHenry that is designed to enhance Fintech innovation in the US. Today we have a copy of the draft bill, embedded below. The 18 page document entitled the Financial Services Innovation Act of 2016 is… Read More

Congressman McHenry Introduce Bill to Create Financial Services Innovation Offices to Boost Fintech Growth

Patrick McHenry 3

Congressman Patrick McHenry, the Chief Deputy Whip of the House, has introduced new legislation designed to boost Fintech innovation in the US. Today, the US may be the financial center of the world but in some respects, the country is slipping behind when it comes… Read More

House of Representatives Passes Several Bills to Boost SMEs. Now Off to the Senate

Washington DC Capitol Building

The House of Representatives passed four bills this week designed to help smaller businesses access the capital they need to expand, hire and grow the economy.  Small businesses are the economic engine of the country. Small businesses provide 55% of all jobs and 66% of all… Read More

House of Representatives to Debate “Accelerating Access to Capital Act” & More to Help Small Business

jeb hensarling

This coming week the House of Representatives will debate several bills previously approved by the Financial Services Committee.  The legislation is designed to improve access to capital for SMEs by reducing regulatory burdens and streamlining the process. HR 2357, the Accelerating Access to Capital Act,… Read More

Reg D: Congress Must Act to Allow Sophisticated Investors Access to Private Placements

Should you be an accredited investor

Under Reg D more than a trillion dollars is raised each year for companies that are not publicly traded. This market is huge – far larger than the annual rate of IPOs. Yet these private placements are only available to “accredited investors”: Individuals who earn… Read More