S. 1831 - Access to Capital for Job Creators Act

Finance and financial sector. 112th Congress (2011-2012) View bill details
Sponsor:
Summary:
A bill to direct the Securities and Exchange Commission to eliminate the prohibition against general solicitation as a requirement for a certain exemption under Regulation D. (by CRS) 
Status:
The bill has been introduced. 
There have been no votes on this bill.

Access to Capital for Job Creators Act

S. 1831 — 112th Congress (2011–2012)

Summary
A bill to direct the Securities and Exchange Commission to eliminate the prohibition against general solicitation as a requirement for a certain exemption under Regulation D. (by CRS)
Learn More
At OpenCongress
Title
A bill to direct the Securities and Exchange Commission to eliminate the prohibition against general solicitation as a requirement for a certain exemption under Regulation D.
Other Titles
  • Access to Capital for Job Creators Act
Sponsor
John Thune
Co-Sponsors
Subjects
  • Finance and financial sector
  • Administrative law and regulatory procedures
  • Financial services and investments
  • Marketing and advertising
  • Securities
  • Securities and Exchange Commission (SEC)
Related Bills
Major Actions
Introduced11/09/2011
Referred to Committee
Bill History

There have been no votes on this bill.

ActionDateDescription
Introduced11/09/2011
11/09/2011Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
12/01/2011Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-444.
12/14/2011Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance and Investment. Hearings held. With printed Hearing: S.Hrg. 112-465.
NumberSponsorDate OfferedStatus

Average contributions given to Senators from interest groups that…

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opposed this bill

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7 Organizations Supported and 11 Opposed; See Which Ones

Organizations that took a position on
Access to Capital for Job Creators Act

7 organizations supported this bill

Biotechnology Industry Organization
Biotechnology Industry Organization (2011, December 1). Spurring Job Growth Through Capital Formation While Protecting Investors. Retrieved June 6, 2012, from Biotechnology Industry Organization.
Financial Services Forum
Nichols, Robert S. (2011, October 4). 365 Support Letter. Retrieved June 6, 2012, from Financial Services Forum.
Gate Technologies
Molinari, Vincent R. (2011, September 21). Written Testimony of Vincent R. Molinari Chief Executive Officer, GATE Technologies, LLC. Retrieved June 6, 2012, from House Financial Services Committee.
National Small Business Association
National Small Business Association (2012, February 8). Letter to the Senate Regarding Capital Access. Retrieved June 6, 2012, from National Small Business Association.
Small Business & Entrepreneurship Council
Karen Kerrigan, President & CEO (2011, September 21). H.R. 2940, Access to Capital for Job Creators. Retrieved November 3, 2011, from SBE Council.
Stapleton Business Brokers
Stapleton Business Brokers (2011, November 21). H.R. 2930 AND 2940 STALLED IN THE SENATE. Retrieved June 6, 2012, from Stapleton Business Brokers.
U.S. Chamber of Commerce
R. Bruce Josten (2011, September 20). Letter to Chairman Garrett and Ranking Member Waters. Retrieved November 3, 2011, from US Chamber of Commerce.

11 organizations opposed this bill

AARP
Rogers, Joyce A. (2012, February 7). RE: Investor Protection, Market Integrity and Small Business Capital Formation. Retrieved June 6, 2012, from Americans for Financial Reform.
AFL-CIO
William Samuel (2012, February 29). Legislative Alert!. Retrieved March 22, 2012, from AFL CIO.
American Federation of State, County and Municipal Employees
Undersigned Organizations (2012, March 5). Public Interest Groups Oppose Anti-Investor “Capital Formation” Bills. Retrieved June 6, 2012, from Consumer Federation of America.
Americans for Financial Reform
Consumer Federation of America & Americans for Financial Reform (2012, March 5). CFA and AFR Urge No Vote on Anti-Investor JOBS Act. Retrieved June 6, 2012, from Consumer Federation of America.
Consumer Action
Undersigned Organizations (2012, March 5). Public Interest Groups Oppose Anti-Investor “Capital Formation” Bills. Retrieved June 6, 2012, from Consumer Federation of America.
Consumer Federation of America
Consumer Federation of America & Americans for Financial Reform (2012, March 5). CFA and AFR Urge No Vote on Anti-Investor JOBS Act. Retrieved June 6, 2012, from Consumer Federation of America.
Main Street Alliance
Undersigned Organizations (2012, March 5). Public Interest Groups Oppose Anti-Investor “Capital Formation” Bills. Retrieved June 6, 2012, from Consumer Federation of America.
National Association of Consumer Advocates
Undersigned Organizations (2012, March 5). Public Interest Groups Oppose Anti-Investor “Capital Formation” Bills. Retrieved June 6, 2012, from Consumer Federation of America.
National Education Association
Undersigned Organizations (2012, March 5). Public Interest Groups Oppose Anti-Investor “Capital Formation” Bills. Retrieved June 6, 2012, from Consumer Federation of America.
North American Securities Administrators Association
Jack E. Herstein, NASAA President (2011, September 27). RE: H.R. 2930 ‐ “Entrepreneur Access to Capital Act of 2011”. Retrieved November 3, 2011, from NASAA.
U.S. PIRG
Undersigned Organizations (2012, March 5). Public Interest Groups Oppose Anti-Investor “Capital Formation” Bills. Retrieved June 6, 2012, from Consumer Federation of America.

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View citations of support and opposition

Includes reported contributions to congressional campaigns of Senators in office during the 112th U.S. Congress, from interest groups invested in the vote according to MapLight, January 1, 2007 – December 31, 2012.
Contributions data source: OpenSecrets.org

Contributions by Legislator

Namesort iconPartyState$ From Interest Groups
That Supported
$ From Interest Groups
That Opposed
Daniel K. AkakaDHI$2,000$5,000
Andrew Lamar AlexanderRTN$174,116$0
Kelly AyotteRNH$188,518$200
John BarrassoRWY$99,150$1,000
Max BaucusDMT$360,400$44,450
Mark BegichDAK$90,562$64,050
Michael F. BennetDCO$541,150$57,550
Jesse "Jeff" BingamanDNM$4,500$1,000
Richard BlumenthalDCT$310,972$40,000
Roy BluntRMO$483,529$4,600
John BoozmanRAR$71,005$500
Barbara BoxerDCA$246,585$50,850
Scott P. BrownRMA$1,412,731$3,150
Sherrod BrownDOH$191,820$74,095
Richard BurrRNC$309,257$747
Maria CantwellDWA$140,075$3,400
Ben CardinDMD$203,933$44,500
Tom CarperDDE$166,650$14,600
Bob CaseyDPA$279,075$67,350
Clarence Saxby ChamblissRGA$237,900$4,000
Daniel CoatsRIN$111,449$0
Tom CoburnROK$47,750$0
William Thad CochranRMS$4,500$0
Susan M. CollinsRME$217,816$2,000
Gaylord Kent ConradDND$38,900$1,000
Christopher A. CoonsDDE$67,650$42,150
Bob CorkerRTN$541,410$0
John CornynRTX$411,295$23,625
Mike CrapoRID$227,335$1,000
Jim DeMintRSC$142,533$0
Dick DurbinDIL$280,725$57,275
Mike EnziRWY$114,784$1,000
Dianne FeinsteinDCA$182,950$27,000
Al FrankenDMN$303,362$71,487
Kirsten E. GillibrandDNY$1,500,910$111,800
Lindsey GrahamRSC$131,492$0
Chuck GrassleyRIA$146,100$2,500
Kay R. HaganDNC$239,694$51,356
Tom HarkinDIA$149,900$29,750
Orrin G. HatchRUT$441,750$1,000
Dean HellerRNV$229,719$500
John HoevenRND$75,050$5,000
Kay Bailey HutchisonRTX$28,950$0
Jim InhofeROK$22,750$0
Dan InouyeDHI$48,950$25,000
Johnny IsaksonRGA$141,650$0
Mike JohannsRNE$60,731$0
Ron JohnsonRWI$165,919$0
Tim JohnsonDSD$237,800$47,950
John F. KerryDMA$198,300$30,250
Mark KirkRIL$819,642$14,250
Amy KlobucharDMN$132,283$33,650
Herb KohlDWI$0$0
Jon KylRAZ$19,900$0
Mary L. LandrieuDLA$166,100$24,540
Frank R. LautenbergDNJ$277,311$38,100
Patrick J. LeahyDVT$38,400$28,500
Mike LeeRUT$25,366$0
Carl LevinDMI$77,690$34,000
Joe LiebermanICT$9,800$0
Dick LugarRIN$92,100$0
Joe Manchin, IIIDWV$105,300$66,150
John McCainRAZ$215,600$0
Claire McCaskillDMO$258,516$52,950
Addison "Mitch" McConnellRKY$799,146$3,250
Bob MenéndezDNJ$377,708$42,750
Jeff MerkleyDOR$167,297$50,250
Barbara A. MikulskiDMD$99,999$39,900
Jerry MoranRKS$75,800$5,000
Lisa MurkowskiRAK$50,250$8,500
Patty MurrayDWA$170,449$62,384
Earl "Ben" NelsonDNE$46,900$18,000
Clarence "Bill" NelsonDFL$197,365$47,250
Rand PaulRKY$71,742$3,500
Rob PortmanROH$514,031$2,750
Mark L. PryorDAR$110,800$30,500
John "Jack" ReedDRI$198,600$33,900
Harry ReidDNV$525,053$57,455
Jim RischRID$32,550$0
Charles "Pat" RobertsRKS$172,900$1,000
John "Jay" RockefellerDWV$119,500$41,000
Marco RubioRFL$345,061$500
Bernie SandersIVT$9,850$38,925
Chuck SchumerDNY$1,214,815$42,250
Jeff SessionsRAL$67,300$8,150
Jeanne ShaheenDNH$185,433$54,250
Richard C. ShelbyRAL$343,900$4,225
Olympia J. SnoweRME$74,990$6,000
Debbie StabenowDMI$273,557$54,200
Jon TesterDMT$288,353$54,750
John ThuneRSD$233,158$0
Patrick J. ToomeyRPA$567,000$1,000
Mark UdallDCO$225,677$61,050
Tom UdallDNM$168,176$54,500
David VitterRLA$116,850$0
Mark R. WarnerDVA$613,210$39,100
Jim WebbDVA$7,670$2,000
Sheldon WhitehouseDRI$193,799$37,200
Roger F. WickerRMS$126,750$0
Ron WydenDOR$247,779$24,500

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Legislator Filters
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NamePartyState$ From Interest Groups
That Supported
$ From Interest Groups
That Opposed
Daniel K. AkakaDHI$2,000$5,000
Andrew Lamar AlexanderRTN$174,116$0
Kelly AyotteRNH$188,518$200
John BarrassoRWY$99,150$1,000
Max BaucusDMT$360,400$44,450
Mark BegichDAK$90,562$64,050
Michael F. BennetDCO$541,150$57,550
Jesse "Jeff" BingamanDNM$4,500$1,000
Richard BlumenthalDCT$310,972$40,000
Roy BluntRMO$483,529$4,600
John BoozmanRAR$71,005$500
Barbara BoxerDCA$246,585$50,850
Scott P. BrownRMA$1,412,731$3,150
Sherrod BrownDOH$191,820$74,095
Richard BurrRNC$309,257$747
Maria CantwellDWA$140,075$3,400
Ben CardinDMD$203,933$44,500
Tom CarperDDE$166,650$14,600
Bob CaseyDPA$279,075$67,350
Clarence Saxby ChamblissRGA$237,900$4,000
Daniel CoatsRIN$111,449$0
Tom CoburnROK$47,750$0
William Thad CochranRMS$4,500$0
Susan M. CollinsRME$217,816$2,000
Gaylord Kent ConradDND$38,900$1,000
Christopher A. CoonsDDE$67,650$42,150
Bob CorkerRTN$541,410$0
John CornynRTX$411,295$23,625
Mike CrapoRID$227,335$1,000
Jim DeMintRSC$142,533$0
Dick DurbinDIL$280,725$57,275
Mike EnziRWY$114,784$1,000
Dianne FeinsteinDCA$182,950$27,000
Al FrankenDMN$303,362$71,487
Kirsten E. GillibrandDNY$1,500,910$111,800
Lindsey GrahamRSC$131,492$0
Chuck GrassleyRIA$146,100$2,500
Kay R. HaganDNC$239,694$51,356
Tom HarkinDIA$149,900$29,750
Orrin G. HatchRUT$441,750$1,000
Dean HellerRNV$229,719$500
John HoevenRND$75,050$5,000
Kay Bailey HutchisonRTX$28,950$0
Jim InhofeROK$22,750$0
Dan InouyeDHI$48,950$25,000
Johnny IsaksonRGA$141,650$0
Mike JohannsRNE$60,731$0
Ron JohnsonRWI$165,919$0
Tim JohnsonDSD$237,800$47,950
John F. KerryDMA$198,300$30,250
Mark KirkRIL$819,642$14,250
Amy KlobucharDMN$132,283$33,650
Herb KohlDWI$0$0
Jon KylRAZ$19,900$0
Mary L. LandrieuDLA$166,100$24,540
Frank R. LautenbergDNJ$277,311$38,100
Patrick J. LeahyDVT$38,400$28,500
Mike LeeRUT$25,366$0
Carl LevinDMI$77,690$34,000
Joe LiebermanICT$9,800$0
Dick LugarRIN$92,100$0
Joe Manchin, IIIDWV$105,300$66,150
John McCainRAZ$215,600$0
Claire McCaskillDMO$258,516$52,950
Addison "Mitch" McConnellRKY$799,146$3,250
Bob MenéndezDNJ$377,708$42,750
Jeff MerkleyDOR$167,297$50,250
Barbara A. MikulskiDMD$99,999$39,900
Jerry MoranRKS$75,800$5,000
Lisa MurkowskiRAK$50,250$8,500
Patty MurrayDWA$170,449$62,384
Earl "Ben" NelsonDNE$46,900$18,000
Clarence "Bill" NelsonDFL$197,365$47,250
Rand PaulRKY$71,742$3,500
Rob PortmanROH$514,031$2,750
Mark L. PryorDAR$110,800$30,500
John "Jack" ReedDRI$198,600$33,900
Harry ReidDNV$525,053$57,455
Jim RischRID$32,550$0
Charles "Pat" RobertsRKS$172,900$1,000
John "Jay" RockefellerDWV$119,500$41,000
Marco RubioRFL$345,061$500
Bernie SandersIVT$9,850$38,925
Chuck SchumerDNY$1,214,815$42,250
Jeff SessionsRAL$67,300$8,150
Jeanne ShaheenDNH$185,433$54,250
Richard C. ShelbyRAL$343,900$4,225
Olympia J. SnoweRME$74,990$6,000
Debbie StabenowDMI$273,557$54,200
Jon TesterDMT$288,353$54,750
John ThuneRSD$233,158$0
Patrick J. ToomeyRPA$567,000$1,000
Mark UdallDCO$225,677$61,050
Tom UdallDNM$168,176$54,500
David VitterRLA$116,850$0
Mark R. WarnerDVA$613,210$39,100
Jim WebbDVA$7,670$2,000
Sheldon WhitehouseDRI$193,799$37,200
Roger F. WickerRMS$126,750$0
Ron WydenDOR$247,779$24,500

Interest Groups that supported this bill

$ Donated
Security brokers & investment companies$20,048,944
Biotech products & research$1,508,779
Financial services & consulting$1,406,926
Small business associations$364,949
Chambers of commerce$274,854
Fiscal & tax policy$57,975

Interest Groups that opposed this bill

$ Donated
Teachers unions$1,043,750
State & local govt employee unions$511,320
Small business associations$364,949
Labor Unions$293,200
Elderly issues/Social Security$239,532
Public official (elected or appointed)$141,862
Consumer groups$5,150
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