Hello,
The House Financial Services Committee is meeting on May 20 to finalize bills that, if passed, will make major changes to the laws governing Regulated Investment Crowdfunding!
Take Action Today:
Email the committee staffer at Zach.Gates@mail.house.gov to make sure they consider CfPA’s proposals.
Here is a draft email you can use (please try to customize for your situation e.g. share a story of why this is important to you):
Subject: Please adopt Crowdfunding Professional Association’s policy recommendations!
Dear Capital Markets Subcommittee members,
I’m writing to urge you to support Crowdfunding Professional Association’s recommended legislative reforms to make Regulated Investment Crowdfunding a tool that will actually benefit the small businesses it was intended to help.
In summary, the CfPA proposes to
- Create a simpler regulatory tier for smaller raises
- Ease financial reporting requirements for small and very early-stage businesses
- Harmonize investor limits and communication rules between Reg CF and Reg A
- Allow small investment funds to raise via Reg CF
- Raise the offering caps under both Reg CF and Reg A
These are practical, targeted updates that would remove unnecessary barriers without compromising investor protections.
Here is a link to a letter with the details of CfPA’s legislative proposals: https://bit.ly/CfPAletter
Thank you for your leadership and service.