S. 2190 - CROWDFUND Act

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.

CROWDFUND Act

S. 2190 — 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
  • Capital Raising Online While Deterring Fraud and Unethical Non-Disclosure Act of 2012
  • CROWDFUND Act
Sponsor
Jeff Merkley
Co-Sponsors
Subjects
  • Finance and financial sector
  • Administrative law and regulatory procedures
  • Business investment and capital
  • Congressional oversight
  • Financial services and investments
  • Fraud offenses and financial crimes
  • Securities
  • Securities and Exchange Commission (SEC)
  • Small business
  • State and local government operations
Related Bills
Major Actions
Introduced3/13/2012
Referred to Committee
Bill History

There have been no votes on this bill.

ActionDateDescription
Introduced3/13/2012
3/13/2012Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
NumberSponsorDate OfferedStatus
scale for bar graph of contributions

Contributions

  1. January - February 2007 For $40,363 Against $0
  2. March - April 2007 For $46,500 Against $0
  3. May - June 2007 For $100,100 Against $0
  4. July - August 2007 For $26,400 Against $0
  5. September - October 2007 For $81,750 Against $0
  6. November - December 2007 For $87,350 Against $0
  7. January - February 2008 For $47,200 Against $0
  8. March - April 2008 For $62,282 Against $0
  9. May - June 2008 For $98,166 Against $0
  10. July - August 2008 For $34,225 Against $0
  11. September - October 2008 For $114,190 Against $0
  12. November - December 2008 For $19,585 Against $0
  13. January - February 2009 For $42,750 Against $0
  14. March - April 2009 For $85,400 Against $0
  15. May - June 2009 For $104,800 Against $0
  16. July - August 2009 For $60,075 Against $0
  17. September - October 2009 For $65,050 Against $0
  18. November - December 2009 For $109,400 Against $0
  19. January - February 2010 For $46,490 Against $0
  20. March - April 2010 For $144,005 Against $0
  21. May - June 2010 For $206,413 Against $0
  22. July - August 2010 For $83,090 Against $0
  23. September - October 2010 For $251,118 Against $0
  24. November - December 2010 For $27,825 Against $0
  25. January - February 2011 For $34,400 Against $0
  26. March - April 2011 For $110,051 Against $0
  27. May - June 2011 For $96,200 Against $0
  28. July - August 2011 For $125,899 Against $0
  29. September - October 2011 For $107,860 Against $0
  30. November - December 2011 For $105,075 Against $0
  31. January - February 2012 For $89,750 Against $0
  32. March - April 2012 For $173,625 Against $0
  33. May - June 2012 For $124,350 Against $0
  34. July - August 2012 For $94,717 Against $0
  35. September - October 2012 For $239,307 Against $0
  36. November - December 2012 For $28,000 Against $0

Votes

    2 Organizations Supported and 0 Opposed; See Which Ones

    Organizations that took a position on
    CROWDFUND Act

    2 organizations supported this bill

    Practical Ecommerce
    Jeff Jacobson (2012, February 22). Crowdfunding Legislation Still Pending. Retrieved March 21, 2012, from Practical Ecommerce.
    Wefunder
    John Tozzi (2012, March 6). Alone in a Crowd: How Crowdfunding Could Strand Startups. Retrieved March 21, 2012, from Businessweek.

    0 organizations opposed this bill

    Need proof?

    View citations of support and opposition

    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

    Contributions by Legislator

    Namesort iconPartyState$ From Interest Groups
    That Supported
    $ From Interest Groups
    That Opposed
    Daniel K. AkakaDHI$0$0
    Andrew Lamar AlexanderRTN$6,900$0
    Kelly AyotteRNH$26,550$0
    John BarrassoRWY$18,000$0
    Max BaucusDMT$57,800$0
    Mark BegichDAK$25,900$0
    Michael F. BennetDCO$44,300$0
    Jesse "Jeff" BingamanDNM$1,000$0
    Richard BlumenthalDCT$28,250$0
    Roy BluntRMO$8,250$0
    John BoozmanRAR$3,000$0
    Barbara BoxerDCA$111,315$0
    Scott P. BrownRMA$113,445$0
    Sherrod BrownDOH$28,150$0
    Richard BurrRNC$17,287$0
    Maria CantwellDWA$72,300$0
    Ben CardinDMD$28,950$0
    Tom CarperDDE$29,500$0
    Bob CaseyDPA$27,700$0
    Clarence Saxby ChamblissRGA$13,400$0
    Daniel CoatsRIN$4,550$0
    Tom CoburnROK$5,000$0
    William Thad CochranRMS$13,500$0
    Susan M. CollinsRME$29,000$0
    Gaylord Kent ConradDND$250$0
    Christopher A. CoonsDDE$17,750$0
    Bob CorkerRTN$44,400$0
    John CornynRTX$44,500$0
    Mike CrapoRID$19,250$0
    Jim DeMintRSC$27,400$0
    Dick DurbinDIL$44,750$0
    Mike EnziRWY$1,000$0
    Dianne FeinsteinDCA$42,750$0
    Al FrankenDMN$52,306$0
    Kirsten E. GillibrandDNY$173,815$0
    Lindsey GrahamRSC$25,063$0
    Chuck GrassleyRIA$36,350$0
    Kay R. HaganDNC$10,466$0
    Tom HarkinDIA$13,500$0
    Orrin G. HatchRUT$98,250$0
    Dean HellerRNV$66,775$0
    John HoevenRND$3,750$0
    Kay Bailey HutchisonRTX$6,000$0
    Jim InhofeROK$1,500$0
    Dan InouyeDHI$9,500$0
    Johnny IsaksonRGA$36,050$0
    Mike JohannsRNE$8,000$0
    Ron JohnsonRWI$6,150$0
    Tim JohnsonDSD$4,300$0
    John F. KerryDMA$28,600$0
    Mark KirkRIL$29,650$0
    Amy KlobucharDMN$65,375$0
    Herb KohlDWI$0$0
    Jon KylRAZ$7,000$0
    Mary L. LandrieuDLA$34,266$0
    Frank R. LautenbergDNJ$9,250$0
    Patrick J. LeahyDVT$63,300$0
    Mike LeeRUT$20,500$0
    Carl LevinDMI$15,900$0
    Joe LiebermanICT$0$0
    Dick LugarRIN$13,750$0
    Joe Manchin, IIIDWV$7,750$0
    John McCainRAZ$58,650$0
    Claire McCaskillDMO$93,888$0
    Addison "Mitch" McConnellRKY$98,650$0
    Bob MenéndezDNJ$19,500$0
    Jeff MerkleyDOR$21,850$0
    Barbara A. MikulskiDMD$1,450$0
    Jerry MoranRKS$17,043$0
    Lisa MurkowskiRAK$6,000$0
    Patty MurrayDWA$101,781$0
    Earl "Ben" NelsonDNE$18,400$0
    Clarence "Bill" NelsonDFL$49,750$0
    Rand PaulRKY$17,500$0
    Rob PortmanROH$51,850$0
    Mark L. PryorDAR$46,800$0
    John "Jack" ReedDRI$10,750$0
    Harry ReidDNV$148,170$0
    Jim RischRID$3,000$0
    Charles "Pat" RobertsRKS$15,600$0
    John "Jay" RockefellerDWV$51,150$0
    Marco RubioRFL$36,990$0
    Bernie SandersIVT$4,100$0
    Chuck SchumerDNY$101,150$0
    Jeff SessionsRAL$5,500$0
    Jeanne ShaheenDNH$19,066$0
    Richard C. ShelbyRAL$17,000$0
    Olympia J. SnoweRME$37,500$0
    Debbie StabenowDMI$29,000$0
    Jon TesterDMT$39,116$0
    John ThuneRSD$27,400$0
    Patrick J. ToomeyRPA$26,800$0
    Mark UdallDCO$31,650$0
    Tom UdallDNM$9,850$0
    David VitterRLA$11,900$0
    Mark R. WarnerDVA$92,050$0
    Jim WebbDVA$1,000$0
    Sheldon WhitehouseDRI$48,700$0
    Roger F. WickerRMS$38,025$0
    Ron WydenDOR$101,969$0

    Add Data Filters:

    Legislator Filters
    Legislator Filters
    Show All
    NamePartyState$ From Interest Groups
    That Supported
    $ From Interest Groups
    That Opposed
    Daniel K. AkakaDHI$0$0
    Andrew Lamar AlexanderRTN$6,900$0
    Kelly AyotteRNH$26,550$0
    John BarrassoRWY$18,000$0
    Max BaucusDMT$57,800$0
    Mark BegichDAK$25,900$0
    Michael F. BennetDCO$44,300$0
    Jesse "Jeff" BingamanDNM$1,000$0
    Richard BlumenthalDCT$28,250$0
    Roy BluntRMO$8,250$0
    John BoozmanRAR$3,000$0
    Barbara BoxerDCA$111,315$0
    Scott P. BrownRMA$113,445$0
    Sherrod BrownDOH$28,150$0
    Richard BurrRNC$17,287$0
    Maria CantwellDWA$72,300$0
    Ben CardinDMD$28,950$0
    Tom CarperDDE$29,500$0
    Bob CaseyDPA$27,700$0
    Clarence Saxby ChamblissRGA$13,400$0
    Daniel CoatsRIN$4,550$0
    Tom CoburnROK$5,000$0
    William Thad CochranRMS$13,500$0
    Susan M. CollinsRME$29,000$0
    Gaylord Kent ConradDND$250$0
    Christopher A. CoonsDDE$17,750$0
    Bob CorkerRTN$44,400$0
    John CornynRTX$44,500$0
    Mike CrapoRID$19,250$0
    Jim DeMintRSC$27,400$0
    Dick DurbinDIL$44,750$0
    Mike EnziRWY$1,000$0
    Dianne FeinsteinDCA$42,750$0
    Al FrankenDMN$52,306$0
    Kirsten E. GillibrandDNY$173,815$0
    Lindsey GrahamRSC$25,063$0
    Chuck GrassleyRIA$36,350$0
    Kay R. HaganDNC$10,466$0
    Tom HarkinDIA$13,500$0
    Orrin G. HatchRUT$98,250$0
    Dean HellerRNV$66,775$0
    John HoevenRND$3,750$0
    Kay Bailey HutchisonRTX$6,000$0
    Jim InhofeROK$1,500$0
    Dan InouyeDHI$9,500$0
    Johnny IsaksonRGA$36,050$0
    Mike JohannsRNE$8,000$0
    Ron JohnsonRWI$6,150$0
    Tim JohnsonDSD$4,300$0
    John F. KerryDMA$28,600$0
    Mark KirkRIL$29,650$0
    Amy KlobucharDMN$65,375$0
    Herb KohlDWI$0$0
    Jon KylRAZ$7,000$0
    Mary L. LandrieuDLA$34,266$0
    Frank R. LautenbergDNJ$9,250$0
    Patrick J. LeahyDVT$63,300$0
    Mike LeeRUT$20,500$0
    Carl LevinDMI$15,900$0
    Joe LiebermanICT$0$0
    Dick LugarRIN$13,750$0
    Joe Manchin, IIIDWV$7,750$0
    John McCainRAZ$58,650$0
    Claire McCaskillDMO$93,888$0
    Addison "Mitch" McConnellRKY$98,650$0
    Bob MenéndezDNJ$19,500$0
    Jeff MerkleyDOR$21,850$0
    Barbara A. MikulskiDMD$1,450$0
    Jerry MoranRKS$17,043$0
    Lisa MurkowskiRAK$6,000$0
    Patty MurrayDWA$101,781$0
    Earl "Ben" NelsonDNE$18,400$0
    Clarence "Bill" NelsonDFL$49,750$0
    Rand PaulRKY$17,500$0
    Rob PortmanROH$51,850$0
    Mark L. PryorDAR$46,800$0
    John "Jack" ReedDRI$10,750$0
    Harry ReidDNV$148,170$0
    Jim RischRID$3,000$0
    Charles "Pat" RobertsRKS$15,600$0
    John "Jay" RockefellerDWV$51,150$0
    Marco RubioRFL$36,990$0
    Bernie SandersIVT$4,100$0
    Chuck SchumerDNY$101,150$0
    Jeff SessionsRAL$5,500$0
    Jeanne ShaheenDNH$19,066$0
    Richard C. ShelbyRAL$17,000$0
    Olympia J. SnoweRME$37,500$0
    Debbie StabenowDMI$29,000$0
    Jon TesterDMT$39,116$0
    John ThuneRSD$27,400$0
    Patrick J. ToomeyRPA$26,800$0
    Mark UdallDCO$31,650$0
    Tom UdallDNM$9,850$0
    David VitterRLA$11,900$0
    Mark R. WarnerDVA$92,050$0
    Jim WebbDVA$1,000$0
    Sheldon WhitehouseDRI$48,700$0
    Roger F. WickerRMS$38,025$0
    Ron WydenDOR$101,969$0

    Interest Groups that supported this bill

    $ Donated
    Online computer services$2,576,184
    Other financial services$737,577

    Interest Groups that opposed this bill

    $ Donated
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