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S. 3939 117th Congress Senate

SEED Act of 2022

Official title: A bill to amend the Securities Act of 1933 to provide small issuers with a micro-offering exemption free of mandated disclosures or offering filings, but subje… Show full official titleShow less

Official title: A bill to amend the Securities Act of 1933 to provide small issuers with a micro-offering exemption free of mandated disclosures or offering filings, but subject to the antifraud provisions of the Federal securities laws, and for other purposes.

Introduced: March 28, 2022 Introduced by: Tim Scott Republican · South Carolina See on congress.gov
Finance and Financial Sector Banking and financial institutions regulationFinancial services and investmentsSecuritiesState and local government operations
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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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 5, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-621.
Mar 28, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 28, 2022
Introduced in Senate
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 Latest action April 5, 2022

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-621.

 Plain-English summary Congressional Research Service

Small Entrepreneurs' Empowerment and Development Act of 2022 or the SEED Act of 2022

This bill creates an exemption to securities registration requirements for a micro-offering of securities. In general, the Securities and Exchange Commission (SEC) prohibits the offering or selling of securities unless the offering is registered with the SEC or it qualifies for an exemption.

The bill defines a micro-offering as an aggregate amount of securities sold by an issuer that does not exceed $500,000 in a 12-month period. This exemption does not apply to issuers who are convicted of specified financial crimes or are subject to specified disciplinary actions.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Moran, Jerry
Kansas · Mar 28, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3939: SEED Act of 2022. 117th Congress. Open America. https://openamerica.io/bill/117-S-3939/
MLA
"S. 3939: SEED Act of 2022." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-3939/.
Bluebook (legal)
S. 3939, 117th Cong. (2026), https://openamerica.io/bill/117-S-3939/.
Markdown link
[S. 3939: SEED Act of 2022](https://openamerica.io/bill/117-S-3939/)
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