I'd Invest $1,000
in a Startup
if Congress made it legal.
Matt M thinks everyone deserves the right to invest in startups.
The Democratizing Access to Capital Act will
allow anyone to invest up to $1000 in a startup.
The House voted 407 to 18 for crowdfunding.
Please urge your Senator to support
Congress Debates Crowdfunding
Congress is currently debating whether or not YOU should have the right to invest in businesses that you believe in. If you don’t have $1,000,000 in assets or earn more than $200,000 a year, current law effectively prevents you from investing in new businesses that you think will be successful. Not only is this undemocratic, but it is holding back millions of investment dollars that would help companies create numerous jobs to help rebuild our economy.
The good news is we are halfway there! In a rare show of bipartisanship - a 407-18 landslide - the House passed a bill that would fix this outdated law. The President supports it. Now we need to make sure that the Senate acts. Senator Scott Brown has sponsored the Democratizing Access to Capital Act (S.1791) that would allow ANYONE to invest up to $1,000 in American business. But it's been stalled in the Senate.
Opposition in the Senate
Opponents of crowd-investing have thrown their support to a poorly conceived alternative that requires so much heavy-handed and costly regulation, it would simply be impractical. They fear online fraud, but don't understand how Internet reputation works, or how the wisdom of the crowd adds transparency and safety.
We need your help. Please tell your Senator to vote for Scott Brown's Democratizing Access to Capital Act. It protects investors by limiting investments to $1000. It also requires crowd-investing web sites to register with the SEC, perform background checks on company management, and ensure investors are aware of the risks of early stage investing.
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Crowdfunding Petition
I deserve the right to invest in businesses that I believe in.
I urge you to vote for the Democratizing Access to Capital Act (S.1791). If this bill is passed, I will strongly consider investing up to per year to help American entrepreneurs start companies that create new jobs and rebuild our economy.
All Americans—not just the wealthy and well-connected—should be able to help their country by investing in bold ideas. S.1791 provides the right safeguards to protect investors, while updating our regulations to make sense in the Internet era. Please join me by supporting this legislation, and together we'll ensure that America remains a center of innovation.
Sincerely,
