Bills
H.R.4855

H.R.4855: Fix Crowdfunding Act

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About This Bill

Introduced March 23, 2016
Latest Major Action July 6, 2016

Bill Sponsor

Patrick T. McHenry (R-N.C.)

Bill Cosponsor

David Schweikert (R-Ariz.)

Bill Summary

Fix Crowdfunding Act (Sec. 2) This bill amends the Securities Act of 1933 to allow a crowdfunding issuer to sell shares through a crowdfunding vehicle. (Crowdfunding is a method of capital formation in which groups of people pool money, typically composed of small individual contributions, and often via Internet platforms, either to invest in a company or to support an effort by others to accomplish a specific goal.) A "crowdfunding vehicle"...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 7 statements associated with H.R.4855.

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Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for H.R.4855.

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Bill Actions

Date	Description
July 6, 2016	Received in the Senate.
July 5, 2016	Motion to reconsider laid on the table Agreed to without objection.
July 5, 2016	Vote in the House On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 394 - 4 (Roll no. 350). (text: CR H4237)
July 5, 2016	Considered as unfinished business. (consideration: CR H4244-4245)
July 5, 2016	At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
July 5, 2016	DEBATE - The House proceeded with forty minutes of debate on H.R. 4855.
July 5, 2016	Considered under suspension of the rules. (consideration: CR H4236-4240)
July 5, 2016	Mr. Garrett moved to suspend the rules and pass the bill, as amended.
July 5, 2016	Placed on the Union Calendar, Calendar No. 512.
July 5, 2016	Reported (Amended) by the Committee on Financial Services. H. Rept. 114-661.
June 16, 2016	Ordered to be Reported (Amended) by the Yeas and Nays: 57 - 2.
June 16, 2016	Committee Consideration and Mark-up Session Held.
June 15, 2016	Committee Consideration and Mark-up Session Held.
April 14, 2016	Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
March 23, 2016	Referred to the House Committee on Financial Services.
March 23, 2016	Introduced in the House by Patrick T. McHenry (R-N.C.)

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