According to the Inc.com blog, there are currently four pieces of federal legislation up for consideration that may help businesses. Here’s a quick look at the bills discussed:
- One will allow investors to put as much as $10,000 into a business via crowdsourcing sites.
- Another allows small businesses to utilize advertising to market securities to investors, which is currently banned by SEC rules.
- A third bill will raise the limit on the number of shareholders that a company is allowed to have from the current limit of 500 to 1,000.
- The final bill would raise the current limit on crowdsourcing investments for a business from $1 million to $2 million.