Amendments

This amendment would amend sections 412 and 926 of Sen. Dodd’s bill (S. 3217) as introduced. If enacted, the original text of these two sections would double or more the income and asset requirements for accredited investors and subject startup companies seeking investor capital to a review of up to 120 days by the SEC. This would stifle and curtail the availability of much needed seed capital for vital startup companies which are the job creation engine of our struggling economy.