VA HB1384 | 2015 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on December 11 2014 - 25% progression, died in committee
Action: 2015-02-10 - Left in Commerce and Labor
Pending: House Commerce and Labor Committee
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on December 11 2014 - 25% progression, died in committee
Action: 2015-02-10 - Left in Commerce and Labor
Pending: House Commerce and Labor Committee
Text: Latest bill text (Prefiled) [HTML]
Summary
Securities Act; crowdfunding exemption. Creates an exemption from the securities, broker-dealer, and agent registration requirements of the Securities Act for an offer or sale of a security by an issuer, or an individual who represents an issuer in an offer or sale, for investments colloquially referred to as crowdfunding. To qualify for the exemption, the transaction is required to meet specific conditions, including the requirements of the federal exemption for intrastate offerings in §3(a)(11) of the Securities Act of 1933 and SEC Rule 147. The amount to be received for all sales of the security in reliance upon this exemption shall not exceed $2 million. The measure expires July 1, 2020.
Title
Securities Act; exemption for crowdfunding.
Sponsors
Sen. Chris Head [R] |
History
Date | Chamber | Action |
---|---|---|
2015-02-10 | House | Left in Commerce and Labor |
2015-01-22 | House | Subcommittee recommends laying on the table by voice vote |
2015-01-20 | House | Assigned C & L sub: Subcommittee #2 |
2014-12-11 | House | Referred to Committee on Commerce and Labor |
2014-12-11 | House | Prefiled and ordered printed; offered 01/14/15 15100942D |
Code Citations
Virginia State Sources
Type | Source |
---|---|
Summary | https://lis.virginia.gov/cgi-bin/legp604.exe?151+sum+HB1384 |
Text | https://lis.virginia.gov/cgi-bin/legp604.exe?151+ful+HB1384+hil |