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H.R. 2940 112th Congress House

Access to Capital for Job Creators Act

Official title: To direct the Securities and Exchange Commission to eliminate the prohibition against general solicitation as a requirement for a certain exemption under Regulation D.

Introduced: September 15, 2011 See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresFinancial services and investmentsMarketing and advertisingSecuritiesSecurities and Exchange Commission (SEC)
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 28 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 8, 2011
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 225.
Nov 7, 2011
Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Nov 3, 2011
Motion to reconsider laid on the table Agreed to without objection.
Nov 3, 2011
The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 2930.
Nov 3, 2011
On passage Passed by recorded vote: 413 - 11 (Roll no. 828). (text: CR H7289)
Nov 3, 2011
The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 2940.
Nov 3, 2011
On motion to recommit with instructions Failed by recorded vote: 190 - 236 (Roll no. 827). (consideration: CR H7313)
Nov 3, 2011
The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H7313)
Nov 3, 2011
DEBATE - The House proceeded with 10 minutes of debate on the DeFazio motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to prohibit those who have been convicted of fraud in connection with a financial transaction.
Nov 3, 2011
Mr. DeFazio moved to recommit with instructions to Financial Services. (consideration: CR H7312; text: CR H7312)
Nov 3, 2011
Considered as unfinished business. (consideration: CR H7311-7314)
Nov 3, 2011
DEBATE - The House proceeded with one hour of debate on H.R. 2940.
Nov 3, 2011
Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. The resolution provides that the amendments in the nature of a substitute recommended by the Committee on Financial Services now printed in each of the bills are considered adopted. The bills, as amended, are considered read. Specified amendments are in order.
Nov 3, 2011
Considered under the provisions of rule H. Res. 453. (consideration: CR H7289-7295)
Nov 3, 2011
Rule H. Res. 453 passed House.
Nov 3, 2011
POSTPONED PROCEEDINGS - At the conclusion of debate on the Miller (NC) amendment, the Chair put the question on adoption of the amendment and by voice vote announced that the noes had prevailed. Mr. Miller (NC) demanded a recored vote and the Chair postponed further proceedings on the amendment under clause 8(a)(1)(A) of rule XX.
Nov 3, 2011
DEBATE - Pursuant to the provisions of H. Res. 453, the House proceeded with 10 minutes of debate on the Miller (NC) Part B amendment.
Nov 2, 2011
Rules Committee Resolution H. Res. 453 Reported to House. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. The resolution provides that the amendments in the nature of a substitute recommended by the Committee on Financial Services now printed in each of the bills are considered adopted. The bills, as amended, are considered read. Specified amendments are in order.
Oct 31, 2011
Placed on the Union Calendar, Calendar No. 176.
Oct 31, 2011
Reported (Amended) by the Committee on Financial Services. H. Rept. 112-263.
Oct 26, 2011
Ordered to be Reported by Voice Vote.
Oct 26, 2011
Committee Consideration and Mark-up Session Held.
Oct 5, 2011
Subcommittee Consideration and Mark-up Session Held.
Oct 5, 2011
Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote .
Oct 4, 2011
Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
Sep 21, 2011
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
Sep 15, 2011
Referred to the House Committee on Financial Services.
Sep 15, 2011
Introduced in House
 Votes taken on this bill 2
DateChamberWhat was voted onResultYes–No
Nov 3, 2011 House · vote #828 On Passage Passed 413–11 See who voted →
Nov 3, 2011 House · vote #827 On Motion to Recommit with Instructions Failed 190–236 See who voted →
 Amendments to this bill 2

Amendments propose changes to this bill. Members vote on amendments separately before the final bill vote. An agreed amendment becomes part of the bill; a failed amendment does not.

1 failed 1 with no recorded outcome

AmendmentSponsorPurposeStatusLatest action
HAMDT 849 – An amendment printed in Part B of House Report 112-265 to require disclosure of bonus compensation structures… Failed Nov 3, 2011
HAMDT 848 – Amendment in the nature of a substitute. No recorded outcome –
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 Latest action November 8, 2011

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 225.

 Plain-English summary Congressional Research Service

(This measure has not been amended since it was reported by the House on October 31, 2011. The summary of that version is repeated here.)

Access to Capital for Job Creators Act - Amends the Securities Act of 1933 to exempt from specified prohibitions relating to interstate commerce and the mails any transactions by an issuer that do not involve a public offering (as under current law), whether or not such transactions involve general solicitation or general advertising.

Directs the Securities and Exchange Commission (SEC) to revise rules governing an exemption from public offering requirements for limited offers and sales without regard to the dollar amount of the offering (Regulation D), so as to provide that a specified prohibition against general solicitation or general advertising does not apply to offers and sales of securities made pursuant to Regulation D if all purchasers of the securities are accredited investors. Requires such rules to require the issuer to take reasonable steps to verify that purchasers of the securities are accredited investors, using methods determined by the SEC.

 Related & companion bills 2
  • HRES 453 Procedurally related Providing for consideration of the bill (H.R. 2930) to amend the securities laws to provide for registration exemptions…
  • S 1831 Access to Capital for Job Creators Act
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2940: Access to Capital for Job Creators Act. 112th Congress. Open America. https://openamerica.io/bill/112-HR-2940/
MLA
"H.R. 2940: Access to Capital for Job Creators Act." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-2940/.
Bluebook (legal)
H.R. 2940, 112th Cong. (2026), https://openamerica.io/bill/112-HR-2940/.
Markdown link
[H.R. 2940: Access to Capital for Job Creators Act](https://openamerica.io/bill/112-HR-2940/)
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