Tagged: house financial services committee

House Financial Services Committee Advances Bill to Ease Crowdfunding Rules for Small Businesses

A bipartisan bill designed to modernize crowdfunding regulations and expand access to capital for small businesses advanced out of the U.S. House Financial Services Committee, potentially paving the way for significant changes to Regulation Crowdfunding (Reg CF) requirements. The legislation is one of many proposed by… Read More

Digital Asset Legislation: the Clarity Act in Markup, Changes Expected. Opposition Labels Bill the Calamity Act

The House Financial Services Committee held a meeting today to review the Clarity Act, comprehensive digital asset legislation that aims to clarify a regulatory approach while providing improved consumer protection. Committee Chairman French Hill issued a statement on the bill: “Last week, this Committee held a… Read More

The Digital Asset Market Clarity Act Aims to Outline Market Structure for Digital Assets

The House of Representatives is attempting to move a comprehensive digital asset framework bill once again. Announced officially last week, the Digital Asset Market Clarity Act aims to establish a regulatory framework for the evolving digital asset sector. Introduced by the House Financial Services Committee, Chairman French… Read More

Accredited Investor Bills Approved in Markup by House Financial Services Committee

The “Accredited Investor Definition Review Act,” HR 3348, has been approved by the House Financial Services Committee in a 36-16 vote. Representative Bill Huizenga, the bill’s sponsor, outlined its goals in an X. “Accredited investors are currently defined by the SEC based on their income and… Read More

Accredited Investor Legislation Moves Forward in House

The current definition of an Accredited Investor has long been understood to be misdirected, disenfranchising millions of potential investors. Today, the definition defines an individual as “Accredited” based on a wealth metric. Broadly, this means earning over $200,000 a year ($300,000 if married) or having… Read More

Digital Asset Legislation Revealed, Aims to Define Regulatory Environment, Support Crypto Innovation

In advance of today’s hearing, the House Financial Services Committee and the Committee on Agriculture have distributed draft legislation that seeks to outline the regulatory environment for digital assets. The draft legislation is extensive, currently sitting at 212 pages. An 8-page section-by-section description is viewable here. Iterations of this… Read More

House Digital Assets, Fintech Subcommittees to Discuss Future of Digital Assets, Role of SEC and CFTC

The House Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence and the House Agriculture Subcommittee on Commodity Markets, Digital Assets, and Rural Development will hold a joint hearing to discuss the future of digital assets. Tomorrow (May 6, 2025), the two Subcommittees… Read More

House Hearing to Discuss Digital Assets and Securities and Need for Updated Rules

Tomorrow, April 8, 2025, the Subcommittee on Digital Assets, Fintech and AI, part of the House Financial Services Committee, will hold a hearing to discuss digital assets and securities. While the hearing memo is rather brief, there is a dire need to update existing securities… Read More

Tokenization: House Financial Services Committee to Discuss Digital Securities

The House Financial Services Committee, Subcommittee on Digital Assets, Fintech and AI, has scheduled a hearing for April 9, 2025, to discuss tokenization or digital securities. The hearing is entitled: American Innovation and the Future of Digital Assets: Aligning the US Securities Laws for the… Read More

Crowdfund Capital Advisors Tells Congress to Pass Legislation that Supports Securities Crowdfunding

  Crowdfund Capital Advisors (CCA), founded by individuals who helped to write the JOBS Act of 2012 – the legislation that legalized online capital formation or crowdfunding, has sent a letter to Representative French Hill, Chairman of the House Financial Services Committee, voicing their support… Read More

The STABLE Act Approved by House Financial Services Committee

Following markup, the STABLE Act was approved by the House Financial Services Committee. The legislation provides rules for issuers of stablecoins. The STABLE Act passed through the Committee markup hearing by a vote of 32-17. Representative Bryan Steil thanked Committee Chair French Hill for supporting… Read More

The STABLE Act Moves Forward in Markup Hearing

The Stable Act, legislation designed to clarify the issuance of stablecoins, is in markup today as the House Financial Services Committee seeks to move the bill towards approval. The legislation is bipartisan, having been sponsored by both Republicans and Democrats, including Representatives Hill, Torres, Emmer, Huizenga, Meuser,… Read More

The Financial Technology Association Tells House Financial Services Committee Which Policies to Pursue, Seeks to Boost Access to Capital, Opportunity for Investors

The Financial Technology Association (FTA) has outlined its opinion as to what the House Financial Services Committee should pursue regarding ambitious portfolio off legislation that aims to improve access to capital while enabling access to opportunities for smaller investors. Recently, the Committee held a hearing… Read More

Expanding Access to Capital: House Financial Services Committee to Discuss How to Fund Private Firms

Ensuring private firms can access money to grow is vital to the economy. Entrepreneurs and smaller firms generate jobs, fuel the economy, and drive wealth creation. There is a reason that many big, successful tech firms are based in the US and not in other… Read More

House Financial Services Committee Leaders Ask SEC to Move to Reverse Harmful Biden Era Rules Impacting Crypto

House Finacial Services Committee leaders have sent a letter to SEC Acting Chairman Mark Uyeda asking him to reverse harmful rules impacting crypto enacted during the Biden Administration. Chairman of the Committee French Hill, Chairman of the Subcommittee on Digital Assets, Financial Technology, and Artificial… Read More

House Financial Services Committee Chairman French Hill Comments on Bitcoin Reserve, Digital Asset Stockpile

Representative French Hill, Chairman of the House Financial Services Committee, has issued a statement on the creation of a Strategic Bitcoin Reserve and Digital Asset Stockpile. These two vehicles were announced yesterday in an Executive Order signed by President Donald Trump in the run up… Read More

DealMaker CEO Outlines Recommendations to Improve Online Capital Formation

DealMaker CEO and co-founder Rebecca Kacaba participated in a Congressional hearing today. Hosted by the Subcommittee on Capital Markets, part of the House Financial Services Committee, the topic was improving access to capital and more significant investor opportunities.   DealMaker is a tech-enabled broker-dealer that… Read More

House Financial Services Committee Requests Feedback on Improving Access to Capital, Investor Opportunity

The House Financial Services Committee, Subcommittee on Capital Markets, held a hearing today entitled, The Future of American Capital: Strengthening Public and Private Markets by Increasing Investor Access and Facilitating Capital Formation. Witnesses testified on the topics, sharing real-world experience and making suggestions while answering… Read More

Hearing on Strengthening Public & Private Markets, Facilitating Capital Formation: Long List of Legislation in the Queue

The Capital Markets Subcommittee, part of the House Financial Services Committee, is holding a hearing today (February 26, 2025) at 10 AM ET. Entitled The Future of American Capital: Strengthening Public and Private Markets by Increasing Investor Access and Facilitating Capital Formation, the hearing will address… Read More

DealMaker CEO Rebecca Kacaba Scheduled to Testify on Access to Capital

DealMaker founder and CEO Rebecca Kacaba is scheduled to testify this week in front of the Capital Markets Subcommittee, part of the House Financial Services Committee. Kacaba will be joined by others to discuss capital formation for smaller firms. The hearing is entitled The Future… Read More

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