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H.R. 2607 118th Congress House

Improving Crowdfunding Opportunities Act

Official title: To amend the Securities Act of 1933 to preempt State securities law requiring registration for secondary transactions, and for other purposes.

Introduced: April 13, 2023 See on congress.gov
Finance and Financial Sector
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Apr 13, 2023
Referred to the House Committee on Financial Services.
Apr 13, 2023
Introduced in House
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 Latest action April 13, 2023

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Improving Crowdfunding Opportunities Act

This bill reduces regulations applicable to crowdfunding securities and portals. Crowdfunding is used to raise capital through a large number of individuals investing potentially small amounts of money.

The bill exempts certain securities issued under crowdfunding regulations from state regulation of secondary transactions. It also exempts crowdfunding portals from (1) certain anti-money laundering reporting and recordkeeping requirements, and (2) liability for material misstatements or omissions unless the portal knowingly makes certain untrue statements or engages in fraud or deceit.

The bill revises the disclosure requirements for crowdfunding issuers with specified target offering amounts. The bill also expands the types of investors allowed to invest in these companies to include investment companies. Finally, the bill increases the aggregate amount these companies are allowed to raise in a 12-month period and generally raises the amount individuals are allowed to invest in a 12-month period.

 Related & companion bills 1
  • HR 2799 Expanding Access to Capital Act of 2023
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 7

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

Bodies those filers lobbied

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Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2607: Improving Crowdfunding Opportunities Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-2607/
MLA
"H.R. 2607: Improving Crowdfunding Opportunities Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-2607/.
Bluebook (legal)
H.R. 2607, 118th Cong. (2026), https://openamerica.io/bill/118-HR-2607/.
Markdown link
[H.R. 2607: Improving Crowdfunding Opportunities Act](https://openamerica.io/bill/118-HR-2607/)
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