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Crowdfunding Bill Stuck in the Senate

Scott Edward Walker

The Brown bill was referred to the Committee on Banking, Housing, and Urban Affairs, and a hearing was held by such Committee on December 1, 2011, with respect to several pieces of capital formation legislation , including crowdfunding.

SEC 91
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Crowdfunding Update: FAQ’s for Entrepreneurs

Scott Edward Walker

Yes, on November 2nd, Senator Scott Brown of Massachusetts introduced S.1791 1791 (the “Democratizing Access to Capital Act of 2011”), which was referred to the Committee on Banking, Housing, and Urban Affairs. The White House supports the House bill; thus, upon reconciliation, it will presumably be signed into law by President Obama.

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Is the House Crowdfunding Bill Being Killed in the Senate?

Scott Edward Walker

“The Senate is the place where bills go to die.” – Bill Maher On November 3, 2011, the U.S. House of Representatives voted 407-17 to pass 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.

SEC 65
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The Series A crunch is hitting now. Have we even noticed?

pandodaily.com

But the angels who’ve staked their funds on spreading bits of money all over the Valley are increasingly anxious that only 20 percent of their deals — in aggregate — will get the chance to keep going. The Burlington, Massachusetts-based startup provides Drupal-based content management systems. Open Sesame! (A