United States 114th Congress Status: Died 1 R cosponsors

HR 4850 — Micro Offering Safe Harbor Act

Last action — Placed on the Union Calendar, Calendar No. 561.

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  1. ✓
    Introduced
  2. Died in session

This bill died with 114th Congress. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Micro Offering Safe Harbor Act This bill amends the Securities Act of 1933 to exempt from specified prohibitions against the sale or delivery after sale of unregistered securities, among other things, transactions involving the sale of securities by an issuer of micro-offerings that meet one or more of the following criteria: each purchaser has a substantive pre-existing relationship with either an officer or director of the issuer, or with a shareholder holding 10% or more of the issuer's shares; during the 12-month period preceding the transaction there are no more than 35 purchasers of such micro-offerings sold in reliance on this exemption; and the aggregate amount of all securities sold by the issuer (including any amount sold in reliance upon the exemption) during the 12-month period preceding the transaction does not exceed $500,000. The bill also exempts such micro-offerings from state regulation of securities offerings.

Bill Text

We don't have the full text on file for this bill yet.

Read HR 4850 on the official United States source →

Action History

  1. Placed on the Union Calendar, Calendar No. 561.

  2. Reported (Amended) by the Committee on Financial Services. H. Rept. 114-723.

  3. Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 25.

  4. Committee Consideration and Mark-up Session Held.

  5. Committee Consideration and Mark-up Session Held.

  6. Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.

  7. Referred to the House Committee on Financial Services.

  8. Introduced in House

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

finance
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Frequently asked questions

What does HR 4850 do?
Micro Offering Safe Harbor Act This bill amends the Securities Act of 1933 to exempt from specified prohibitions against the sale or delivery after sale of unregistered securities, among other things, transactions involving the sale of securities by an issuer of micro-offerings that meet one or more of the following criteria: each purchaser has a substantive pre-existing relationship with either an officer or director of the issuer, or with a shareholder holding 10% or more of the issuer's shares; during the 12-month period preceding the transaction there are no more than 35 purchasers of such micro-offerings sold in reliance on this exemption; and the aggregate amount of all securities sold by the issuer (including any amount sold in reliance upon the exemption) during the 12-month period preceding the transaction does not exceed $500,000. The bill also exempts such micro-offerings from state regulation of securities offerings.
Who sponsors HR 4850?
HR 4850 is sponsored by Tom Emmer (R).
What is the current status of HR 4850?
This bill died with 114th Congress. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 4850?
Track HR 4850 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes about 14 hours ago · updated continuously

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