Rep. McHenry looks to revamp crowdfunding rules

05/5/2014 | Crowdfund Insider

Rep. Patrick McHenry, R-N.C., has introduced three bills that would transform the regulation of equity crowdfunding, including the removal of several burdens on startups. His proposal includes measures to increase the crowdfunding limit to $5 million, eliminate the Securities and Exchange Commission's rule-making role for nonfinancial disclosure and remove a long-term requirement for annual reporting.

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