- Stage
- Became law
- Started in
- Senate
- Sponsors
- 2
- Latest action
- Mar 11, 2020
What it does
Securities Act; crowdfunding exemption.Repeals the sunset provision on the existing measure that authorizesthe State Corporation Commission (the Commission) to adopt an exemption for limited offerings of securities by small and startup companies,known as equity crowdfunding, from the registration provisions ofthe Securities Act. These crowdfunding provisions, which were enactedin 2015, are currently scheduled to expire on July 1, 2020. The measurealso broadens the existing exemption to apply to offerings conductedin accordance with Rule 147A adopted by the U.S. Securities ExchangeCommission (SEC). Because Rule 147A does not require the issuer ofthe securities to be incorporated or organized…
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
Once a bill is decided, the questions are about what is done with it in Virginia.