An amendment numbered 5 printed in Part A of House Report 112-265 to require the Commission to establish a website that provides the public with crowdfunding website safety tips for investing in securities described under section 4(6).
What it does: 2 changes: inserts text, replaces textDescription
Amendment sought to require the SEC to establish a website that provides the public with safety tips for investing in securities.
What it changes
2 changes to H.R. 2930 · 1 shown in the bill's text
Change 1: Inserts new text on page 11, line 9
InsertsPrinted pageInserted: (f) Website for Crowdfunding Investment Safety Tips.--
Inserted: (1) In general.--The Commission shall establish a website that provides the public with safety tips for investing in securities described under section 4(6).
Inserted: (2) Links to website.--The intermediary in a transaction involving the issuance of securities described under section 4(6) or, in the case of such transaction not involving an intermediary, the issuer, shall place a link to the website described under paragraph (1) in a prominent location on the main page of the website of such intermediary or issuer that is used to facilitate such transaction.
Original wording
Page 11, after line 9, insert the following:
Change 2: Replaces “(f)” with “(g)”
In H.R. 2930 · Reported in House
"(2) an accredited investor.
"(
[struck: f][inserted: g]) Construction.--"(1) No treatment as broker.--With respect to a transaction described under section 4(6) involving an intermediary, such intermediary shall not be treated as a broker under the securities laws solely by reason of participation in such transaction.
Original wording
Page 11, line 10, strike “(f)” and insert “(g)”.
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
Page 11, after line 9, insert the following:
“(f) Website for Crowdfunding Investment Safety Tips.--
“(1) In general.--The Commission shall establish a website that provides the public with safety tips for investing in securities described under section 4(6).
“(2) Links to website.--The intermediary in a transaction involving the issuance of securities described under section 4(6) or, in the case of such transaction not involving an intermediary, the issuer, shall place a link to the website described under paragraph (1) in a prominent location on the main page of the website of such intermediary or issuer that is used to facilitate such transaction.”.
Page 11, line 10, strike “(f)” and insert “(g)”.
Legislative Activity
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House amendment offered
November 3, 2011
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House amendment offered
November 3, 2011
Amendment failed in Committee of the Whole
November 3, 2011 • 5:04 PM
House amendment not agreed to: On agreeing to the Barrow amendment (A005) Failed by voice vote.
November 3, 2011 • 5:04 PM
House amendment offered/reported by: Amendment (A005) offered by Mr. Barrow.(consideration: CR H7304-7306; text: CR H7304-7305)
November 3, 2011 • 4:53 PM
Amendment (A005) offered by Mr. Barrow. (consideration: CR H7304-7306; text: CR H7304-7305)
November 3, 2011 • 4:53 PM
On agreeing to the Barrow amendment (A005) Failed by voice vote.
November 3, 2011 • 5:04 PM