By Michaela Ross, Bloomberg BNA
Tech companies are pressuring Congress to ease crowdfunding restrictions in a four-year-old law aimed at reviving U.S. entrepreneurship.
The sector was among the biggest champions of 2012’s Jumpstart Our Business Startups (JOBS) Act, a broad bill designed to meet startups’ increased need for capital. Among its provisions was a crowdfunding initiative, rolled out in May 2016, that cleared the way for the launching of online crowdfunding portals such as Wefunder Portal LLC, SI Portal LLC operating as SeedInvest and Republic, where small investors can browse curated listings of startups and invest to become shareholders in ...
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