Congress Passes H.R. 3784 SEC Office of Small Business Advocate Bill

Christmas in Washington DC Capitol

[Author’s Note: HR 3784 was signed into law by President Barack Obama on December 16, 2016. For an update on this historic legislation, see my most recent article appearing on this Blog.]

Most of us were probably sleeping last night when the U.S. Senate passed by unanimous consent H.R. 3784, a Bill to create an Office of Small Business Advocate at the SEC. Earlier this year H.R. 3784 passed the House, by voice vote.

This legislation is now on its way to the President, and is expected to be signed into law this year.

For those of you who want to dig into this more, you may want to read my most recent article on this topic.

I expect more good things will come for SME’s in 2017!

And to read more on my thoughts as to the need for, and importance of, this legislation, you may find this article in Crowdfund Insider of interest.

Here  is the original Letter of Support  for HR 3784 when it was first introduced into the House of Representatives in October 2015.  The bill was supported by eight major industry trade associations, including the Crowdfunding Professional Association (CfPA), of which I was the Chair and President at the time.


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