Thanks to the support of people like you, all Americans will soon have the right to invest in startups they believe in. Congress just passed the CROWDFUND Act, allowing you to invest in what could be the next Facebook or own a piece of your local organic food market. Before crowdfunding, this opportunity was only available to accredited investors, who have $1,000,000 or more in assets or earn more than $200,000 a year.
Democrats and Republicans worked together to to pass this landmark legislation and the $7 million pledged through our petition gave us a seat at the table in Washington to speak on your behalf. We helped each Congressman involved in the process craft legislation that works for entrepreneurs and investors alike. On March 27th, Congress sent the final version of the JOBS Act, which includes the CROWDFUND Act, to President Obama to sign into law.
Crowdfunding is now legal, but there are still a few steps that need to be taken before it goes into effect. The SEC will conduct a 9 month "Rule Making" process where they will create more specific guidelines that entrepreneurs will need to adhere to in order to raise money from the crowd. We will participate directly in this process to ensure that the SEC crafts rules that work well for both investors and entrepreneurs.
Luckily you don't have to wait 9 months to get started! Although you can't yet invest in a startup, we've developed some exciting ways for you to get involved early. We will also be producing materials to educate our community on everything they need to know about Crowdfunding. So sign up for our early access program and stay informed!
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