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H.R. 2201: Micro Offering Safe Harbor Act

This was a vote to pass H.R. 2201 in the House.

H.R. 2201 amends the Securities Act of 1933 to exempt certain micro-offering from the Act’s registration requirements. This will allow small businesses to operate with confidence that they are not in violation of the law when making a non-public securities offering, so long as:

  • Each purchaser has a substantive pre-existing relationship with an officer, director, or shareholder with 10% or more of the shares of the issuer;
  • The issuer reasonably believes that there are no more than 35 purchasers of securities from the issuer that are sold in reliance on the exemption during the 12-month period preceding the transaction; and
  • The aggregate amount of all securities sold by the issuer does not exceed $500,000 over a 12-month period.

The bill also exempts these transaction from state regulation of securities offerings.

Source: Republican Policy Committee

Totals

All Votes R D
Yea 54%
 
 
232
232
 
0
 
Nay 44%
 
 
188
1
 
187
 
Not Voting 3%
 
 
12
5
 
7
 

Date: Nov 9, 2017

Question: On Passage of the Bill in the House

Required: Simple Majority

Result: Passed

Source: house.gov

Ideology Vote Chart

Key: R Yea R Nay D Nay
Seat position based on our ideology score.

Cartogram Map

Each hexagon represents one congressional district.

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Vote Details

Notes: The Speaker’s Vote? “Aye” or “Yea”?
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Statistically Notable Votes

Statistically notable votes are the votes that are most surprising, or least predictable, given how other members of each voter’s party voted and other factors.

All Votes