HR 2590 118th Congress House Finance and Financial Sector

Unlocking Capital for Small Businesses Act of 2023

Introduced: April 13, 2023 Introduced by: Garbarino, Andrew R. Republican · New York See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Apr 13, 2023

Referred to the House Committee on Financial Services.

Apr 13, 2023

Introduced in House

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

Unlocking Capital for Small Businesses Act of 2023

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 April 13, 2023

Referred to the House Committee on Financial Services.

Related & companion bills 2

Bill text 1 version

Introduced in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Financial Services Committee
House of Representatives

Lobbying activity 5

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

CHAMBER OF COMMERCE OF THE U.S.A.
for CHAMBER OF COMMERCE OF THE U.S.A. · District of Columbia · 1st Quarter (Jan 1 - Mar 31) 2026
CHAMBER OF COMMERCE OF THE U.S.A.
for CHAMBER OF COMMERCE OF THE U.S.A. · District of Columbia · 1st Quarter (Jan 1 - Mar 31) 2026
CHAMBER OF COMMERCE OF THE U.S.A.
for CHAMBER OF COMMERCE OF THE U.S.A. · District of Columbia · 4th Quarter (Oct 1 - Dec 31) 2025
CHAMBER OF COMMERCE OF THE U.S.A.
for CHAMBER OF COMMERCE OF THE U.S.A. · District of Columbia · 3rd Quarter (July 1 - Sep 30) 2025
CHAMBER OF COMMERCE OF THE U.S.A.
for CHAMBER OF COMMERCE OF THE U.S.A. · District of Columbia · 2nd Quarter (Apr 1 - June 30) 2025

Cite this page click to expand

APA

U.S. Congress. (2026). H.R. 2590: Unlocking Capital for Small Businesses Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-2590/

MLA

"H.R. 2590: Unlocking Capital for Small Businesses Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-2590/.

Bluebook (legal)

H.R. 2590, 118th Cong. (2026), https://openamerica.io/bill/118-HR-2590/.

Markdown link

[H.R. 2590: Unlocking Capital for Small Businesses Act of 2023](https://openamerica.io/bill/118-HR-2590/)