HR 3645 · 119th CongressIn Committeecongress.gov ↗
What this bill does
AI plain-language summaryThis bill changes rules for crowdfunding, which is when many people invest small amounts of money to help fund a business. Currently, businesses that want to raise $100,000 or less through crowdfunding don't need to provide financial statements reviewed by an independent accountant. The bill would increase this amount to $250,000, and it would let the Securities and Exchange Commission raise it even higher to $400,000 if certain offices recommend it.
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