New legislation was recently introduced that would allow an exception to the long-time ban on advertising equity sales without going through the SEC. The legislation is H.R. 2930 introduced by Representative Henry of North Carolina and is called “the Entrepreneur Access to Capital Act”. The executive office recently posted a statement of support for the bill saying that the bill was consistent with the President’s Start up America initiative.

The main point of the bill is that small companies can give equity in exchange for cash as a means of getting start-up funding.

Here is the Wall street Journal Article

 

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