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November 3, 2011 AT 6:43 pm

Crowdfunding bill passes in the House

Pt 28

Crowdfunding bill passes in the House, so “Kickstarting” looks like a good bet for many makers…

The rule also covers debate for H.R. 2930, which would allow companies to obtain capital in amounts less than $1 million through small investors — known as “crowdfunding” — without registering with the SEC. Debate and consideration of amendments could take place late Thursday or Friday.

House Small Business Committee Chairman Sam Graves (R-Mo.) said passing both bills would help small businesses, in particular given their ongoing problems accessing credit.

Related:
How Open Source Hardware is Kick-Starting Kickstarter!


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