Political Quotes

“I ask unanimous consent that the text of the bill be printed in the Record. There being no objection, the bill was ordered to be printed in the Record, as follows: S. 1031 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Crowdfunding Enhancement Act''. SEC. 2. CROWDFUNDING VEHICLES. (a) Amendments to the Securities Act of 1933.--The Securities Act of 1933 (15 U.S.C. 77a et seq.) is amended-- (1) in section 4A(f)(3) (15 U.S.C. 77d-1(f)(3)), by inserting ``by any of paragraphs (1) through (14) of'' before ``section 3(c)''; and (2) in section 4(a)(6)(B) (15 U.S.C. 77d(a)(6)(B)), by inserting ``, other than a crowdfunding vehicle (as defined in section 2(a) of the Investment Company Act of 1940 (15 U.S.C. 80a-2(a))),'' after ``any investor''. (b) Amendments to the Investment Company Act of 1940.--The Investment Company Act of 1940 (15 U.S.C. 80a-1 et seq.) is amended-- (1) in section 2(a) (15 U.S.C. 80a-2(a)), by adding at the end the following: ``(55) The term `crowdfunding vehicle' means a company-- ``(A) whose purpose (as set forth in its organizational documents) is limited to acquiring, holding, and disposing securities issued by a single company in 1 or more transactions and made pursuant to section 4(a)(6) of the Securities Act of 1933 (15 U.S.C.…”