House Approves Revised Crowdfunding Bill, Sends It to Obama
The U.S. House of Representatives today passed with a vote of 380-41 a final version of the JOBS Act, revised to conform with the Senate version. The new bill reduces the amount that unaccredited investors are allowed to contribute to “crowdfunding” for small companies. It also pushes the maximum number of shareholders a private company can have without falling under financial reporting regulations to 2,000, from 500.
