By Stacy Mitchell
Under a measure that passed the House last Thursday, you may soon be able to invest in a portfolio of your favorite independent businesses. The bill, which won bipartisan support and cleared the House on a 407-17 vote, would overturn long-standing Securities and Exchange Commission (SEC) rules that make it nearly impossible for small businesses to raise capital (or borrow money) from their customers and communities.
There are 4 versions of Bill Number H.R.2930 for the 112th Congress. Usually, the last item is the most recent.
- Entrepreneur Access to Capital Act (Introduced in House – IH) 14 Sep 2011
- Entrepreneur Access to Capital Act (Reported in House – RH) 31 Oct 2011
- Entrepreneur Access to Capital Act (Engrossed in House [Passed House] – EH) 3 Nov 2011
- Entrepreneur Access to Capital Act (Placed on Calendar Senate – PCS) 7 Nov 2011