Skip to main content
HR 2201 115th Congress House Finance and Financial Sector Securities State and local government operations

Micro Offering Safe Harbor Act

Introduced: September 18, 2017 Introduced by: Emmer, Tom Republican · Minnesota See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 19 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 13, 2017
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Nov 9, 2017
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 232 - 188 (Roll no. 622).
Nov 9, 2017
Considered as unfinished business. (consideration: CR H8678-8679)
Nov 9, 2017
Motion to reconsider laid on the table Agreed to without objection.
Nov 9, 2017
POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 2201, the Chair put the question on passage and by voice vote, announced the ayes had prevailed. Ms. Maxine Waters (CA) demanded the yeas and nays and the Chair postponed further proceedings on the question of passage until a time to be announced.
Nov 9, 2017
DEBATE - Pursuant to the provisions of H.Res. 609, the House proceeded with 10 minutes of debate on the Emmer amendment.
Nov 9, 2017
DEBATE - The House resumed debate on H.R. 2201.
Nov 9, 2017
DEBATE - The House proceeded with one hour of debate on H.R. 2201.
Nov 9, 2017
Rule provides for consideration of H.R. 2201 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions.
Nov 9, 2017
Considered under the provisions of rule H. Res. 609. (consideration: CR H8667-8678; text of measure as reported in House: CR H8667)
Nov 8, 2017
Rule H. Res. 609 passed House.
Nov 7, 2017
Rules Committee Resolution H. Res. 609 Reported to House. Rule provides for consideration of H.R. 2201 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions.
Nov 1, 2017
Placed on the Union Calendar, Calendar No. 280.
Nov 1, 2017
Reported by the Committee on Financial Services. H. Rept. 115-383.
Oct 12, 2017
Ordered to be Reported by the Yeas and Nays: 34 - 26.
Oct 12, 2017
Committee Consideration and Mark-up Session Held.
Oct 11, 2017
Committee Consideration and Mark-up Session Held.
Apr 27, 2017
Referred to the House Committee on Financial Services.
Apr 27, 2017
Introduced in House
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
Nov 9, 2017 House · vote #622 On Passage Passed 232–188 See who voted →
 Amendments to this bill 1

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 agreed to

AmendmentSponsorPurposeStatusLatest action
HAMDT 482 Emmer, Tom An amendment numbered 1 printed in House Report 115-401 to amend the bill to not allow the exemption to be av… Agreed to Nov 9, 2017
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Micro Offering Safe Harbor Act

(Sec. 2) This bill amends the Securities Act of 1933 to exempt certain micro-offerings from: (1) state regulation of securities offerings, and (2) federal prohibitions related to interstate solicitation.

The exempted micro-offerings must meet all of the following requirements:

  • the purchaser has a substantive pre-existing relationship with the issuer,
  • during the 12-month period preceding the transaction there are no more than 35 purchasers relying on the exemption, and
  • the 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.

A transaction shall not qualify for the exemption if the issuer or one of certain related persons triggers a "bad actor" disqualification under specified regulations due to a relevant criminal conviction, court or regulatory order, or other disciplinary event.

What's happening now November 13, 2017

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Related & companion bills 2
  • HR 10 Related bill Financial CHOICE Act of 2017
  • HRES 609 Procedurally related Providing for consideration of the bill (H.R. 2201) to amend the Securities Act of 1933 to exempt certain micro-offerin…
 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. 2201: Micro Offering Safe Harbor Act. 115th Congress. Open America. https://openamerica.io/bill/115-HR-2201/
MLA
"H.R. 2201: Micro Offering Safe Harbor Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-2201/.
Bluebook (legal)
H.R. 2201, 115th Cong. (2026), https://openamerica.io/bill/115-HR-2201/.
Markdown link
[H.R. 2201: Micro Offering Safe Harbor Act](https://openamerica.io/bill/115-HR-2201/)
Report a problem