President Biden released a regulatory freeze notice last week that may stop the new Regulation Crowdfunding (Reg CF) and Regulation A (Reg A) rules from going into effect March 15, 2021.
These are the rules that, among other adopted exempt offering framework updates, will change the cap for Reg CF from $1M to $5M and for Reg A from $50M to $75M.
View the letter to President Biden here: CfPA letter to Biden Administration – 01/28/2021
To show your support for the recently adopted SEC crowdfunding changes:
- Sign your name and company in support of the letter here
Many of the adopted updates will help get Main Street back to work and should not be delayed.
Please let us know if we can include you or your organization as a supporter of this initiative by signing the form here.
If you’d like to take part in other meaningful discussions, please consider becoming a CfPA member today and ask about joining our Legislative and Regulatory Affairs (LRA) committee.