All Posts: ‘Crowdfunding’

Is the House Crowdfunding Bill Being Killed in the Senate?

by Scott Edward Walker on March 1st, 2012

“The Senate is the place where bills go to die.” Bill Maher

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Crowdfunding Bill Stuck in the Senate

by Scott Edward Walker on January 13th, 2012

In early November, the U.S. House of Representatives overwhelming passed the Entrepreneur Access to Capital Act, a crowdfunding bill which permits startups to offer and sell securities via crowdfunding sites like Kickstarter or social networking sites like Facebook.  As I discuss below, this is a game-changer for startups and lifts certain securities law prohibitions that have been on the books since the 1930’s.

The Obama Administration supports the House bill and noted in its Statement of Administrative Policy that: “This bill will make it easier for entrepreneurs to raise capital and create jobs.”  Unfortunately, two very different crowdfunding bills have been introduced in the U.S. Senate, and committee hearings have been surprisingly focused on fraud concerns and other potential problems.  Indeed, it is unclear whether the Senate will even pass a crowdfunding bill (and, if so, in what form).

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Crowdfunding Update: FAQ’s for Entrepreneurs

by Scott Edward Walker on December 1st, 2011

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House Passes Crowdfunding Bill: FAQ’s for Entrepreneurs

by Scott Edward Walker on November 9th, 2011

Last week, the U.S. House of Representatives passed a crowdfunding bill that will allow startups to offer and sell securities via crowdfunding sites and social networking sites.

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