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S. 1791 - Democratizing Access to Capital Act of 2011

Finance and financial sector. 112th Congress (2011-2012) View bill details
Sponsor:
Summary:
A bill to amend the securities laws to provide for registration exemptions for certain crowdfunded securities, and for other purposes. (by CRS) 
Status:
The bill has been introduced. 
There have been no votes on this bill.

Democratizing Access to Capital Act of 2011

S. 1791 — 112th Congress (2011–2012)

Summary
A bill to amend the securities laws to provide for registration exemptions for certain crowdfunded securities, and for other purposes. (by CRS)
Learn More
At OpenCongress
Title
A bill to amend the securities laws to provide for registration exemptions for certain crowdfunded securities, and for other purposes.
Other Titles
  • Democratizing Access to Capital Act of 2011
Sponsor
Scott Brown
Co-Sponsors
Subjects
  • Finance and financial sector
  • Administrative law and regulatory procedures
  • Financial services and investments
  • Fraud offenses and financial crimes
  • Securities
  • Securities and Exchange Commission (SEC)
  • State and local government operations
  • User charges and fees
Related Bills
Major Actions
Introduced11/02/2011
Referred to Committee
Bill History

There have been no votes on this bill.

ActionDateDescription
Introduced11/02/2011
11/02/2011Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
12/01/2011Committee on Banking, Housing, and Urban Affairs. Hearings held.
NumberSponsorDate OfferedStatus
scale for bar graph of contributions

Contributions

  1. January - February 2007 For $24,800 Against $59,050
  2. March - April 2007 For $43,250 Against $112,100
  3. May - June 2007 For $63,134 Against $106,985
  4. July - August 2007 For $17,750 Against $42,750
  5. September - October 2007 For $52,550 Against $80,200
  6. November - December 2007 For $45,550 Against $111,045
  7. January - February 2008 For $22,600 Against $21,850
  8. March - April 2008 For $37,250 Against $58,950
  9. May - June 2008 For $74,416 Against $82,320
  10. July - August 2008 For $24,800 Against $80,713
  11. September - October 2008 For $111,084 Against $162,432
  12. November - December 2008 For $15,299 Against $28,600
  13. January - February 2009 For $32,800 Against $33,500
  14. March - April 2009 For $36,550 Against $60,400
  15. May - June 2009 For $51,550 Against $83,000
  16. July - August 2009 For $19,300 Against $36,800
  17. September - October 2009 For $58,272 Against $56,401
  18. November - December 2009 For $52,575 Against $76,950
  19. January - February 2010 For $37,555 Against $67,501
  20. March - April 2010 For $95,400 Against $72,000
  21. May - June 2010 For $137,304 Against $112,050
  22. July - August 2010 For $46,650 Against $56,655
  23. September - October 2010 For $113,655 Against $118,305
  24. November - December 2010 For $30,900 Against $22,450
  25. January - February 2011 For $31,850 Against $39,750
  26. March - April 2011 For $67,250 Against $83,800
  27. May - June 2011 For $72,900 Against $110,550
  28. July - August 2011 For $25,913 Against $34,950
  29. September - October 2011 For $40,416 Against $53,448
  30. November - December 2011 For $67,900 Against $58,233
  31. January - February 2012 For $29,454 Against $23,775
  32. March - April 2012 For $54,305 Against $91,960
  33. May - June 2012 For $71,600 Against $157,575
  34. July - August 2012 For $71,000 Against $37,350
  35. September - October 2012 For $34,950 Against $110,500
  36. November - December 2012 For $3,500 Against $18,775

Votes

    3 Organizations Supported and 3 Opposed; See Which Ones
    3 Organizations Supported and 3 Opposed; See Which Ones

    Organizations that took a position on
    Democratizing Access to Capital Act of 2011

    3 organizations supported this bill

    Financial Services Forum
    Nichols, Rob (2011, November 30). 365 Forum Letter Support S1791. Retrieved August 8, 2012, from Financial Services Forum.
    National Association for the Self-Employed
    National Association for the Self-Employed (2012, March 7). NASE Urges Senate Action On Crowdfunding Bill. Retrieved August 8, 2012, from National Association for the Self-Employed.
    U. S. Chamber of Commerce
    R. Bruce Josten (2011, November 9). Letter to Senator Brown. Retrieved March 22, 2012, from Senator Scott Brown.

    3 organizations opposed this bill

    AFL-CIO
    William Samuel (2012, February 29). Legislative Alert!. Retrieved March 22, 2012, from AFL CIO.
    American Association of Retired Persons
    Rogers, Joyce (2012, March 7). AARP Small Business Letter. Retrieved August 8, 2012, from Americans for Financial Reform.
    Comp TIA
    Lamar Whitman (2011, December 16). Crowdfunding, Equity Capital Legislation Still in Play. Retrieved March 22, 2012, from Comp TIA.

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    Includes reported contributions to congressional campaigns of Senators in office during the 112th U.S. Congress, from interest groups invested in the vote according to MapLight, January 1, 2007 – December 31, 2012.
    Contributions data source: OpenSecrets.org

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    Contributions by Legislator

    Namesort iconPartyState$ From Interest Groups
    That Supported    		$ From Interest Groups
    That Opposed
    Daniel K. AkakaDHI$0$7,000
    Andrew Lamar AlexanderRTN$12,100$21,000
    Kelly AyotteRNH$12,650$13,383
    John BarrassoRWY$15,499$3,000
    Max BaucusDMT$22,100$48,745
    Mark BegichDAK$1,000$31,547
    Michael BennetDCO$29,572$38,400
    Jesse "Jeff" BingamanDNM$0$-1,250
    Richard BlumenthalDCT$26,150$16,150
    Roy BluntRMO$31,700$25,200
    John BoozmanRAR$3,200$3,613
    Barbara BoxerDCA$17,400$31,200
    Scott BrownRMA$85,500$212,750
    Sherrod BrownDOH$20,550$59,625
    Richard BurrRNC$30,695$7,500
    Maria CantwellDWA$12,950$14,900
    Ben CardinDMD$10,500$46,250
    Tom CarperDDE$27,400$17,000
    Bob CaseyDPA$33,600$52,358
    Clarence Saxby ChamblissRGA$29,100$17,750
    Daniel CoatsRIN$24,800$5,483
    Tom CoburnROK$2,000$8,300
    William Thad CochranRMS$1,000$4,700
    Susan CollinsRME$31,350$42,400
    Gaylord Kent ConradDND$18,500$3,100
    Chris CoonsDDE$4,000$18,900
    Bob CorkerRTN$48,250$17,000
    John CornynRTX$44,900$48,700
    Mike CrapoRID$15,550$5,000
    Jim DeMintRSC$14,000$17,000
    Dick DurbinDIL$14,750$19,700
    Mike EnziRWY$7,000$1,500
    Dianne FeinsteinDCA$7,500$18,000
    Alan FrankenDMN$29,460$46,737
    Kirsten GillibrandDNY$51,750$75,600
    Lindsey GrahamRSC$30,884$4,500
    Chuck GrassleyRIA$11,250$18,200
    Kay HaganDNC$9,400$22,256
    Tom HarkinDIA$5,300$14,850
    Orrin HatchRUT$26,650$24,000
    Dean HellerRNV$40,250$1,000
    John HoevenRND$12,800$21,510
    Kay Bailey HutchisonRTX$0$17,100
    Jim InhofeROK$3,000$20,950
    Dan InouyeDHI$3,600$38,400
    Johnny IsaksonRGA$24,250$12,100
    Mike JohannsRNE$13,450$27,458
    Ron JohnsonRWI$36,216$3,500
    Tim JohnsonDSD$17,300$22,250
    John KerryDMA$15,050$4,650
    Mark KirkRIL$57,300$10,400
    Amy KlobucharDMN$22,450$16,866
    Herb KohlDWI$0$0
    Jon KylRAZ$0$4,500
    Mary LandrieuDLA$31,300$28,100
    Frank LautenbergDNJ$8,136$15,550
    Patrick LeahyDVT$2,500$18,750
    Mike LeeRUT$4,000$0
    Carl LevinDMI$12,250$9,823
    Joe LiebermanICT$0$1,250
    Dick LugarRIN$12,400$2,750
    Joe ManchinDWV$14,750$37,650
    John McCainRAZ$20,175$8,800
    Claire McCaskillDMO$14,750$52,300
    Addison "Mitch" McConnellRKY$36,400$51,750
    Bob MenéndezDNJ$15,508$49,750
    Jeff MerkleyDOR$7,180$22,100
    Barbara MikulskiDMD$2,750$43,200
    Jerry MoranRKS$8,250$500
    Lisa MurkowskiRAK$6,250$11,150
    Patty MurrayDWA$12,350$60,993
    Earl "Ben" NelsonDNE$12,500$5,500
    Clarence "Bill" NelsonDFL$23,750$107,385
    Rand PaulRKY$11,700$3,700
    Rob PortmanROH$55,800$42,950
    Mark PryorDAR$7,500$27,100
    John "Jack" ReedDRI$6,000$10,900
    Harry ReidDNV$41,550$55,855
    Jim RischRID$10,000$500
    Charles "Pat" RobertsRKS$14,300$4,500
    John "Jay" RockefellerDWV$9,550$67,000
    Marco RubioRFL$29,330$15,733
    Bernie SandersIVT$500$14,325
    Chuck SchumerDNY$60,050$33,650
    Jeff SessionsRAL$15,200$14,500
    Jeanne ShaheenDNH$6,312$26,166
    Richard ShelbyRAL$21,000$63,100
    Olympia SnoweRME$12,450$7,000
    Debbie StabenowDMI$15,300$37,150
    Jon TesterDMT$17,800$30,600
    John ThuneRSD$19,354$20,250
    Patrick ToomeyRPA$30,649$16,850
    Mark UdallDCO$8,062$42,500
    Tom UdallDNM$0$25,700
    David VitterRLA$26,600$6,402
    Mark WarnerDVA$50,950$140,160
    Jim WebbDVA$-3,550$7,500
    Sheldon WhitehouseDRI$8,350$11,750
    Roger WickerRMS$20,100$15,000
    Ron WydenDOR$10,350$12,800

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    		NamePartyState$ From Interest Groups
    That Supported    		$ From Interest Groups
    That Opposed
    		Daniel K. AkakaDHI$0$7,000
    		Andrew Lamar AlexanderRTN$12,100$21,000
    		Kelly AyotteRNH$12,650$13,383
    		John BarrassoRWY$15,499$3,000
    		Max BaucusDMT$22,100$48,745
    		Mark BegichDAK$1,000$31,547
    		Michael BennetDCO$29,572$38,400
    		Jesse "Jeff" BingamanDNM$0$-1,250
    		Richard BlumenthalDCT$26,150$16,150
    		Roy BluntRMO$31,700$25,200
    		John BoozmanRAR$3,200$3,613
    		Barbara BoxerDCA$17,400$31,200
    		Scott BrownRMA$85,500$212,750
    		Sherrod BrownDOH$20,550$59,625
    		Richard BurrRNC$30,695$7,500
    		Maria CantwellDWA$12,950$14,900
    		Ben CardinDMD$10,500$46,250
    		Tom CarperDDE$27,400$17,000
    		Bob CaseyDPA$33,600$52,358
    		Clarence Saxby ChamblissRGA$29,100$17,750
    		Daniel CoatsRIN$24,800$5,483
    		Tom CoburnROK$2,000$8,300
    		William Thad CochranRMS$1,000$4,700
    		Susan CollinsRME$31,350$42,400
    		Gaylord Kent ConradDND$18,500$3,100
    		Chris CoonsDDE$4,000$18,900
    		Bob CorkerRTN$48,250$17,000
    		John CornynRTX$44,900$48,700
    		Mike CrapoRID$15,550$5,000
    		Jim DeMintRSC$14,000$17,000
    		Dick DurbinDIL$14,750$19,700
    		Mike EnziRWY$7,000$1,500
    		Dianne FeinsteinDCA$7,500$18,000
    		Alan FrankenDMN$29,460$46,737
    		Kirsten GillibrandDNY$51,750$75,600
    		Lindsey GrahamRSC$30,884$4,500
    		Chuck GrassleyRIA$11,250$18,200
    		Kay HaganDNC$9,400$22,256
    		Tom HarkinDIA$5,300$14,850
    		Orrin HatchRUT$26,650$24,000
    		Dean HellerRNV$40,250$1,000
    		John HoevenRND$12,800$21,510
    		Kay Bailey HutchisonRTX$0$17,100
    		Jim InhofeROK$3,000$20,950
    		Dan InouyeDHI$3,600$38,400
    		Johnny IsaksonRGA$24,250$12,100
    		Mike JohannsRNE$13,450$27,458
    		Ron JohnsonRWI$36,216$3,500
    		Tim JohnsonDSD$17,300$22,250
    		John KerryDMA$15,050$4,650
    		Mark KirkRIL$57,300$10,400
    		Amy KlobucharDMN$22,450$16,866
    		Herb KohlDWI$0$0
    		Jon KylRAZ$0$4,500
    		Mary LandrieuDLA$31,300$28,100
    		Frank LautenbergDNJ$8,136$15,550
    		Patrick LeahyDVT$2,500$18,750
    		Mike LeeRUT$4,000$0
    		Carl LevinDMI$12,250$9,823
    		Joe LiebermanICT$0$1,250
    		Dick LugarRIN$12,400$2,750
    		Joe ManchinDWV$14,750$37,650
    		John McCainRAZ$20,175$8,800
    		Claire McCaskillDMO$14,750$52,300
    		Addison "Mitch" McConnellRKY$36,400$51,750
    		Bob MenéndezDNJ$15,508$49,750
    		Jeff MerkleyDOR$7,180$22,100
    		Barbara MikulskiDMD$2,750$43,200
    		Jerry MoranRKS$8,250$500
    		Lisa MurkowskiRAK$6,250$11,150
    		Patty MurrayDWA$12,350$60,993
    		Earl "Ben" NelsonDNE$12,500$5,500
    		Clarence "Bill" NelsonDFL$23,750$107,385
    		Rand PaulRKY$11,700$3,700
    		Rob PortmanROH$55,800$42,950
    		Mark PryorDAR$7,500$27,100
    		John "Jack" ReedDRI$6,000$10,900
    		Harry ReidDNV$41,550$55,855
    		Jim RischRID$10,000$500
    		Charles "Pat" RobertsRKS$14,300$4,500
    		John "Jay" RockefellerDWV$9,550$67,000
    		Marco RubioRFL$29,330$15,733
    		Bernie SandersIVT$500$14,325
    		Chuck SchumerDNY$60,050$33,650
    		Jeff SessionsRAL$15,200$14,500
    		Jeanne ShaheenDNH$6,312$26,166
    		Richard ShelbyRAL$21,000$63,100
    		Olympia SnoweRME$12,450$7,000
    		Debbie StabenowDMI$15,300$37,150
    		Jon TesterDMT$17,800$30,600
    		John ThuneRSD$19,354$20,250
    		Patrick ToomeyRPA$30,649$16,850
    		Mark UdallDCO$8,062$42,500
    		Tom UdallDNM$0$25,700
    		David VitterRLA$26,600$6,402
    		Mark WarnerDVA$50,950$140,160
    		Jim WebbDVA$-3,550$7,500
    		Sheldon WhitehouseDRI$8,350$11,750
    		Roger WickerRMS$20,100$15,000
    		Ron WydenDOR$10,350$12,800

    Interest Groups that supported this bill

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    		$ Donated
    		Financial services & consulting$1,157,939
    		Small business associations$398,449
    		Chambers of commerce$259,644

    Interest Groups that opposed this bill

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    		$ Donated
    		Data processing & computer services$2,040,424
    		Labor Unions$281,283
    		Elderly issues/Social Security$241,966
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