To amend the Securities Exchange Act of 1934 to create a safe harbor for finders and private placement brokers, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Securities Exchange Act of 1934 to create a safe harbor for finders and private placement brokers, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Environment, Labor.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H5AFF5B2707644175A94ABE3F260DCFE5: 1. Short title This Act may be cited as the Unlocking Capital for Small Businesses Act of 2024.
- Section HF0D896A5D72A41EF80656E14DE4CB119: 2. Safe harbors for private placement brokers and finders Section 15 of the Securities Exchange Act of 1934 (15 U.S.C. 78o) is amended by adding at the end the...
- Section HF0C23A76C71542A094159326A7217DF8: 3. Limitations on State law Section 15(i) of the Securities Exchange Act of 1934 (15 U.S.C. 78o(i)) is amended— by redesignating paragraph (3) as paragraph...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Securities Exchange Act of 1934 to create a safe harbor for finders and private placement brokers, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Environment, Labor
Primary Purpose
This bill, To amend the Securities Exchange Act of 1934 to create a safe harbor for finders and private placement brokers, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMr. Cramer introduced the following bill; which was read twice …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_commission"
- → The commission identified in the operative section
Key Definitions
Terms defined in this bill
a person described in paragraphs (A) and (B) of subsection (p)(4) that— receives transaction-based compensation of equal to or less than $500,000 in any calendar year
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology