Code · BILL · 115th Congress · H.R. 10 (Reported in House) — To create hope and opportunity for investors, consumers, and entrepreneurs by ending bailouts and Too Big to Fail, ho... · Sec. 477

Sec. 477. Exclusion of crowdfunding investors from shareholder cap

72 words·~1 min read·/bill/115/hr/10/rh/section-477

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Section 12(g)(5) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78l(g)(5) ) is amended— by striking

(5)For the purposes and inserting: For the purposes ; and by adding at the end the following: For purposes of this subsection, securities held by persons who purchase such securities in transactions described under section 4(a)(6) of the Securities Act of 1933 shall not be deemed to be held of record . .

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U.S. Code

Registration requirements for securities
§ 78l

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Sec. 477

Exclusion of crowdfunding investors from shareholder cap

U.S.C.§ 78l

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