Legislation that would allow companies to raise capital online in increments of up to $10,000 per investor sailed through the House in early November by a 407-17 vote. But the momentum to allow so-called “crowd funding” has slowed considerably in the Senate, as lawmakers mull whether unsophisticated investors are vulnerable when capital formation occurs online.
In the crowd-funding process, an entrepreneur would be able to seek investors by reaching out to friends, family and larger communities through the Internet.
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