Govwatch

Introduced

In Committee

3

Passed One Chamber

4

Passed Both

5

Signed into Law

Sponsor

David McCormick

Republican · PA · Senator

Votes with party: 35.2% (315 recorded votes)

Full profile: /officials/M001243

Source: Congress.gov · FEC

Cosponsors (16)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

2025-05-20

Source: Congress.gov

Committee Activity

Previously

Banking, Housing, and Urban Affairs CommitteeReferred To · 2025-05-20
Senate Committee on Banking, Housing, and Urban AffairsReferred To · 2025-05-20

Plain-English Summary

This bill would likely make it easier for small businesses to raise money from investors by relaxing some of the rules that currently limit who can invest in startups and small companies. The changes would probably allow more regular people and smaller investors to participate in funding small businesses, rather than restricting investment opportunities mainly to wealthy individuals and large institutions. Small business owners would benefit from having access to a broader pool of potential investors to help them grow their companies.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Finance and Financial Sector

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Open text view Read on Congress.gov

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