Soon Even Your Mom Can Invest: Senate Passes Crowdfunding Bill 73-26 (With Protections)

Well, this just in from a dispatch on Capitol Hill: The Senate has passed legislation that will essentially legalize crowdfunding in startups by practically anyone -- even your mom. U.S. Senators Scott Brown (R-Mass.), Jeff Merkley (D-Oreg.), and Michael Bennet (D-Colo.) collectively introduced the "CROWDFUND Act" (S. 2190) earlier this month, which adds measures to the House of Rep's now well-known JOBS Act to ensure that companies would be able to use SEC-approved crowdfunding platforms to raise money from "small-dollar investors." While the CROWDFUND Act passed 73-26, and received bipartisan support, as one might expect when the potential for any old investor to enter the well-guarded circle of angel investing (especially in Silicon Valley) comes around, both the JOBS Act and the CROWDFUND Act have been controversial in the business community. Many worry that lowering the barriers to investing in startups could increase the amount of fraud inherent to the process.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/VMi6zKGp-BA/

annie oakley edc andrew luck andrew luck paranormal activity 4 love and hip hop 2012 nfl mock draft