Bond-Warner-Dodd – Angel Investors (4037)

This amendment would amend sections 412 and 926 of
Sen. Dodd’s bill (S. 3217) as introduced. If enacted, the original text of
these two sections would double or more the income and asset requirements for
accredited investors and subject startup companies seeking investor
capital to a review of up to 120 days by the SEC. This would stifle and curtail
the availability of much needed seed capital for vital startup companies which
are the job creation engine of our struggling economy.