SEED Act of 2021
Latest action · Sep 30, 2021 Referred to the House Committee on Financial Services.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedSep 30, 2021
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 4
Members who signed on, in the order they did. Signatures ran from Sep 30, 2021 to Nov 7, 2022, with 1 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-MN | Tom Emmer | Original | Sep 30, 2021 |
| R-NC | Richard Hudson | Jul 26, 2022 | |
| R-NE | Mike Flood | Sep 14, 2022 | |
| R-OK | Stephanie I. Bice | Nov 7, 2022 |
Actions 2
Everything that happened, newest first.
- Sep 30, 2021Introduced in House
- Sep 30, 2021Referred to the House Committee on Financial Services.
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Sep 30, 2021Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.