Crowdfunding may get a Congressional boost
In September, President Obama included a crowdfunding exemption in his proposed jobs bill, and there is a bill in congress (HR 2930 McHenry) that proposes a very similar exemption. It is elegant in its simplicity!
It includes provisions that:
creates a crowdfunding exemption from the federal registration requirements for offerings of up to $5 million with each investor investing a maximum of the lesser of $10,000 and ten percent of the investor'...