Crowdfunding Bill Would Allow People to Invest in Local Businesses
The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/crowdfunding-bill-would-allow-people-to-invest-in-local-businesses/Under a measure that passed the House last Thursday, you may soon be able to invest in a portfolio of your favorite independent businesses. The bill, which won bipartisan support and cleared the House on a 407-17 vote, would overturn long-standing Securities and Exchange Commission (SEC) rules that make it nearly impossible for small businesses to raise capital (or borrow money) from their customers and communities. Continue reading
