2016.06.10 NAR Letter to HFSC - Hensarling and Waters Re McHenry Crowdfunding Bills Markup.pdf

Issue Date: June 10, 2016


US HR 4855 - Fix Crowdfunding Act

On June 10, 2016 NAR sent a letter to the Chair and Ranking Member of the House Financial Services Committee and cc’ing the entire committee.

The letter relates to the committee's markup of H.R. 4854, Supporting America’s Innovators Act of 2016, and H.R. 4855, the Fix Crowdfunding Act. These bills make changes to the regulations established by the JOBS Act of 2012 for equity crowdfunding, allowing for increased participation in and a greater flow of capital through crowdfunding. As lending for small businesses and commercial real estate remains tight, especially in smaller markets, alternative lending sources – like crowdfunding – could alleviate some of the issues that these businesses face getting credit.