Eases securities rules for companies raising money and widens who may invest privately

§1What it does

Why this matters: A plain-English description of the bill as it was voted on, written by us from the official summary and text.

✎ Drafted by AI from the public sources cited. Each sentence links to its source.

This package of securities bills would ease a number of Securities and Exchange Commission rules for companies raising money, brokers and investment advisers, and would let more people invest in private offerings that are not registered with the SEC.^2,3 It would exempt sales of up to $250,000 a year from SEC registration, raise the yearly limit on Regulation A+ offerings, a kind of public sale exempt from full registration, from $50 million to $150 million, and let emerging growth companies, newer public companies with reduced disclosure requirements, keep that status for two more years.³ It would widen the definition of accredited investors, who may buy private offerings, to include people whose total holdings of privately offered securities after a purchase would be no more than 10% of their income or net assets, whichever is greater, people who attest that they understand the risks, and people advised by professionals with SEC-recognized certifications.^2,3 Other parts would raise crowdfunding limits, bar states from restricting certain off-exchange trading of securities, let 403(b) retirement plans invest in collective investment trusts, and allow investor documents to be sent electronically with an option to get paper instead.³

§2Status

§3How Congress voted

Why this matters: The official count.