118th Congress · HOUSE BILLBILL

H.R. 2609 — SEED Act of 2023

“To amend the Securities Act of 1933 to provide small issuers with a micro-offering exemption free of mandated disclosures or offering filings, but subject to the antifraud provisions of the Federal securities laws, and for other purposes.”

Finance and financial sector

Introduced Apr 13, 2023

Last action Apr 13, 2023

Pipeline · Bill → Law

Step 1

Introduced

Apr 13, 2023

Step 2

Referred

Apr 13, 2023

Financial Services

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

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.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Apr 13, 2023

Introduced in House

Apr 13, 2023

Referred to the House Committee on Financial Services.