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HR 8998 117th Congress House Finance and Financial Sector

Unlocking Capital for Small Businesses Act of 2022

Introduced: September 28, 2022 Introduced by: Budd, Ted Republican · North Carolina See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 28, 2022
Introduced in House
Sep 28, 2022
Referred to the House Committee on Financial Services.
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 Plain-English summary Congressional Research Service

Unlocking Capital for Small Businesses Act of 2022

This bill revises the regulatory treatment of private-placement brokers (brokers who receive transaction-based compensation for the sale of securities to preselected individuals or institutions) and finders (private-placement brokers who do not exceed a specified amount of compensation, transaction value, or number of transactions in a year).

Specifically, the bill (1) requires the Securities and Exchange Commission to establish registration requirements for private-placement brokers that are no more stringent than those imposed on crowdfunding portals, (2) allows for membership in any national securities association for private-placement brokers, (3) exempts private-placement brokers from broker regulations, and (4) otherwise modifies provisions related to private-placement brokers and finders.

What's happening now September 28, 2022

Referred to the House Committee on Financial Services.

 Related & companion bills 1
  • S 3922 Related bill Unlocking Capital for Small Businesses Act of 2022
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 8998: Unlocking Capital for Small Businesses Act of 2022. 117th Congress. Open America. https://openamerica.io/bill/117-HR-8998/
MLA
"H.R. 8998: Unlocking Capital for Small Businesses Act of 2022." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-8998/.
Bluebook (legal)
H.R. 8998, 117th Cong. (2026), https://openamerica.io/bill/117-HR-8998/.
Markdown link
[H.R. 8998: Unlocking Capital for Small Businesses Act of 2022](https://openamerica.io/bill/117-HR-8998/)
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