On the recordNovember 3, 2011
Before you leave, tied to this is another one of the two last points I was going to raise, which perhaps you would like to illuminate on. The bill also requires that the intermediaries state a target amount that you're raising. You just said perhaps $50,000; right? And one of the requirements under it, as I understand it, is that you would have to withhold the capital formation proceeds, the money that you collect, the capital, until you hit a percentage of or that target amount. Is that correct? Mr. McHENRY. Correct.
Source
govinfo.gov
