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Crowdfunding and Advanced Placement Legislation Gain Momentum

03/21/2015

On Wednesday, representatives from the Illinois Small Business Advocacy Council joined me in the Judiciary-Civil Committee to testify on House Bill 3429 to allow Intrastate Equity Crowdfunding. This legislation will allow small companies and start-ups to use the internet to solicit funds from both accredited and "unaccredited" investors with reasonable investment limits while still protecting the interests of consumers.

This legislation is rapidly gaining bipartisan support, as I seek out co-sponsors from both sides of the aisle, and passed unanimously out of committee.



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