Brief: Alabama Seeks To Join Intrastate Crowdfunding Movement With New Bill

senator-arthur-orrA state senator in Alabama is proposing a crowdfunding exemption at the state level that aims to allow Alabama entrepreneurs to crowdfund from Alabama investors.

Senator Arthur Orr (R-Decatur) has proposed the bill. State Securities Commissioner Joseph Borg is cited by Senator Orr as being a proponent of crowdfunding, which should aid in implementation of any forthcoming legislation.

We’ve reached out to the Senator for more information and will have more on this story soon.

[h/t TimesDaily.com]

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