H.R. 2930 - Entrepreneur Access to Capital Act
- Sponsor:
- Patrick T. McHenry
- Summary:
- To amend the securities laws to provide for registration exemptions for certain crowdfunded securities, and for other purposes. (by CRS)
- Status:
- The bill was voted on in the House on November 3, 2011
- Amendments:
- 6 proposed amendments. 4 accepted. 2 rejected. View amendments
PASSED on November 3, 2011.
1/2 required to pass
voted YES: 407
voted NO: 17
10 voted present/not voting
Entrepreneur Access to Capital Act
H.R. 2930 — 112th Congress (2011–2012)
- Summary
- To amend the securities laws to provide for registration exemptions for certain crowdfunded securities, and for other purposes. (by CRS)
- Learn More
- At OpenCongress
- Title
- To amend the securities laws to provide for registration exemptions for certain crowdfunded securities, and for other purposes.
- Other Titles
- Entrepreneur Access to Capital Act
- Entrepreneur Access to Capital Act
- Entrepreneur Access to Capital Act
- Sponsor
- Patrick T. McHenry
- Co-Sponsors
- Subjects
- Finance and financial sector
- Administrative law and regulatory procedures
- Federal preemption
- Financial services and investments
- Licensing and registrations
- Securities
- Securities and Exchange Commission (SEC)
- Small business
- Related Bills
- H.Res. 453 (112th) : Providing for Consideration of the Bill (H.R. 2930) to Amend the Securities Laws to Provide for Registration Exemptions for Certain Crowdfunded Securities, and for Other Purposes, and Providing for Consideration of the Bill (H.R. 2940) to Direct the Securities and Exchange Commission to Eliminate the Prohibition Against General Solicitation As a Requirement for a Certain Exemption Under Regulation D.
- H.Res. 453 (112th) : Providing for Consideration of the Bill (H.R. 2930) to Amend the Securities Laws to Provide for Registration Exemptions for Certain Crowdfunded Securities, and for Other Purposes, and Providing for Consideration of the Bill (H.R. 2940) to Direct the Securities and Exchange Commission to Eliminate the Prohibition Against General Solicitation As a Requirement for a Certain Exemption Under Regulation D.
- S. 1791 (112th) : Democratizing Access to Capital Act of 2011
- Major Actions
Introduced 9/14/2011 Referred to Committee Amendments (6 proposed) Passed House 11/03/2011 - Bill History
-
Chamber/Committee Motion Date Result select this vote House On Agreeing to the Amendment: Amendment 4 to H R 2930 11/03/2011 This amendment DID NOT PASS the House 189 voted YES 234 voted NO 11 voted present/not votingselect this vote House On Motion to Recommit with Instructions: H R 2930 To amend the securities laws to provide for registration exemptions for certain crowdfunded securities, and for other purposes 11/03/2011 This motion DID NOT PASS the House 187 voted YES 237 voted NO 10 voted present/not votingcurrently selected House H.R. 2930 (112th): Entrepreneur Access to Capital Act 11/03/2011 This bill PASSED the House 407 voted YES 17 voted NO 10 voted present/not votingselect this vote House On agreeing to the McHenry amendment (A001) Agreed to by voice vote. 11/03/2011 PASSED by voice vote select this vote House On agreeing to the Fincher amendment (A002) Agreed to by voice vote. 11/03/2011 PASSED by voice vote select this vote House On agreeing to the Quayle amendment (A003) Agreed to by voice vote. 11/03/2011 PASSED by voice vote select this vote House On agreeing to the Barrow amendment (A005) Failed by voice vote. 11/03/2011 DID NOT PASS by voice vote select this vote House On agreeing to the Perlmutter amendment (A006) Agreed to by voice vote. 11/03/2011 PASSED by voice vote Action Date Description Introduced 9/14/2011 9/14/2011 Referred to the House Committee on Financial Services. 9/21/2011 Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral. 10/04/2011 Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. 10/05/2011 Subcommittee Consideration and Mark-up Session Held. 10/05/2011 Forwarded by Subcommittee to Full Committee by the Yeas and Nays: 18 - 14 . 10/26/2011 Committee Consideration and Mark-up Session Held. Put on a legislative calendar 10/26/2011 Ordered to be Reported (Amended) by Voice Vote. 10/31/2011 Reported (Amended) by the Committee on Financial Services. H. Rept. 112-262. Put on a legislative calendar 10/31/2011 Placed on the Union Calendar, Calendar No. 175. 11/02/2011 Rules Committee Resolution H. Res. 453 Reported to House. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. The resolution provides that the amendments in the nature of a substitute recommended by the Committee on Financial Services now printed in each of the bills are considered adopted. The bills, as amended, are considered read. Specified amendments are in order. 11/03/2011 Considered under the provisions of rule H. Res. 453. 11/03/2011 Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. The resolution provides that the amendments in the nature of a substitute recommended by the Committee on Financial Services now printed in each of the bills are considered adopted. The bills, as amended, are considered read. Specified amendments are in order. 11/03/2011 House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 453 and Rule XVIII. 11/03/2011 The Speaker designated the Honorable Charles F. Bass to act as Chairman of the Committee. 11/03/2011 GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 2930. 11/03/2011 DEBATE - Pursuant to the provisions of H.Res. 453, the Committee of the Whole proceeded with 10 minutes of debate on the McHenry amendment. 11/03/2011 DEBATE - Pursuant to the provisions of H.Res. 453, the Committee of the Whole proceeded with 10 minutes of debate on the Fincher amendment. 11/03/2011 DEBATE - Pursuant to the provisions of H.Res. 453, the Committee of the Whole proceeded with 10 minutes of debate on the Quayle amendment. 11/03/2011 DEBATE - Pursuant to the provisions of H.Res. 453, the Committee of the Whole proceeded with 10 minutes of debate on the Velazquez amendment. 11/03/2011 POSTPONED PROCEEDINGS - At the conclusion of debate on the Velazquez amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Ms. Velazquez demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced. 11/03/2011 DEBATE - Pursuant to the provisions of H.Res. 453, the Committee of the Whole proceeded with 10 minutes of debate on the Barrow amendment. 11/03/2011 DEBATE - Pursuant to the provisions of H.Res. 453, the Committee of the Whole proceeded with 10 minutes of debate on the Perlmutter amendment. 11/03/2011 The Committee rose informally to receive a message. 11/03/2011 The Committee resumed its sitting. 11/03/2011 UNFINISHED BUSINESS - The Chair announced that the unfinished business was on the question of adoption of amendments which had been debated earlier and on which further proceedings had been postponed. 11/03/2011 The House rose from the Committee of the Whole House on the state of the Union to report H.R. 2930. 11/03/2011 The previous question was ordered pursuant to the rule. 11/03/2011 The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union. 11/03/2011 Mr. Holt moved to recommit with instructions to Financial Services. 11/03/2011 DEBATE - The House proceeded with 10 minutes of debate on the Holt motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to add language that prohibits an intermediary from participating in a crowdfunding transaction if they are doing business with the Iranian government. 11/03/2011 The previous question on the motion to recommit with instructions was ordered without objection. 11/03/2011 Motion to reconsider laid on the table Agreed to without objection. select this vote Vote 11/03/2011 On Agreeing to the Amendment: Amendment 4 to H R 2930 select this vote Vote 11/03/2011 On Motion to Recommit with Instructions: H R 2930 To amend the securities laws to provide for registration exemptions for certain crowdfunded securities, and for other purposes currently selected House Vote on Passage 11/03/2011 H.R. 2930 (112th): Entrepreneur Access to Capital Act 11/03/2011 Amendment (A001) offered by Mr. McHenry. select this vote Vote 11/03/2011 On agreeing to the McHenry amendment (A001) Agreed to by voice vote. 11/03/2011 Amendment (A002) offered by Mr. Fincher. select this vote Vote 11/03/2011 On agreeing to the Fincher amendment (A002) Agreed to by voice vote. 11/03/2011 Amendment (A003) offered by Mr. Quayle. select this vote Vote 11/03/2011 On agreeing to the Quayle amendment (A003) Agreed to by voice vote. 11/03/2011 Amendment (A004) offered by Ms. Velazquez. 11/03/2011 Amendment (A005) offered by Mr. Barrow. select this vote Vote 11/03/2011 On agreeing to the Barrow amendment (A005) Failed by voice vote. 11/03/2011 Amendment (A006) offered by Mr. Perlmutter. select this vote Vote 11/03/2011 On agreeing to the Perlmutter amendment (A006) Agreed to by voice vote. 11/07/2011 Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. Put on a legislative calendar 11/08/2011 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 224. 12/01/2011 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-444. Number Sponsor Date Offered Status select this vote H. Amdt. 850 McHenry, Patrick [R-NC10] November 3, 2011 Passed by voice vote on November 3, 2011. Manager's amendment makes sundry technical and conforming changes.
select this vote H. Amdt. 851 Fincher, Stephen [R-TN8] November 3, 2011 Passed by voice vote on November 3, 2011. Amendment adjusts for inflation the $1 million and $2 million caps on the aggregate annual amount raised through the issuance of securities.
select this vote H. Amdt. 852 Quayle, Ben [R-AZ3] November 3, 2011 Passed by voice vote on November 3, 2011. Amendment adjusts for inflation the annual cap of the individual investments in the securities.
select this vote H. Amdt. 853 Velázquez, Nydia [D-NY7] November 3, 2011 Failed by roll call vote on November 3, 2011. Amendment sought to require crowdfunding intermediaries to disclose how they are compensated.
select this vote H. Amdt. 854 Barrow, John [D-GA12] November 3, 2011 Failed by voice vote on November 3, 2011. Amendment sought to require the SEC to establish a website that provides the public with safety tips for investing in securities.
select this vote H. Amdt. 855 Perlmutter, Ed [D-CO7] November 3, 2011 Passed by voice vote on November 3, 2011. Amendment ensures that the States' securities regulators have the authority to police fraud, deceit, misrepresentation, and other unlawful behavior in order to protect investors.
Average contributions given to House members from interest groups that…
supported this bill
Security brokers & investment companies |
Venture capital |
Financial services & consulting |
Chambers of commerce |
Fiscal & tax policy |
Small business associations (split) |
opposed this bill
Teachers unions |
State & local govt employee unions |
Elderly issues/Social Security |
Public official (elected or appointed) |
Consumer groups |
Small business associations (split) |
Contributions data source: OpenSecrets.org