California Introduces State Equity Crowdfunding Bill

A California state assemblyman from Fresno is spearheading a new bill aimed at allowing non-accredited investors to invest in emerging growth companies. The bill would allow people who are not considered wealthy by federal definitions to invest up to $5,000 or 10% of their assets into a business trying to raise up to $1 million.

Intratstate Crowdfunding Map

States Take Up Crowdfunding

Several states have adopted or are pursuing equity crowdfunding laws amid doubts over the Securities and Exchange Commission’s commitment to approve Title III of the JOBS Act, which along with the proposed Regulation A overhaul, has been in comment period purgatory for more than a year.