H.R. 2940: Access to Capital for Job Creators Act

112th Congress · introduced 2011-09-15 · Finance and Financial Sector · Latest: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 225.

federal

Follow this bill, step by step

Where it came from: introduced 2011-09-15 · official record
Who proposed it: Rep. McCarthy, Kevin [R-CA-22] · what a sponsor is
What happened next: 3 recorded votes in our records. Latest: House roll call 826 (2011): On Agreeing to the Amendment, HR2940 (2011-11-03), Failed. See all
Where it stands now: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 225. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Access to Capital for Job Creators Act

Plain summary

(This measure has not been amended since it was reported by the House on October 31, 2011. The summary of that version is repeated here.) Access to Capital for Job Creators Act - Amends the Securities Act of 1933 to exempt from specified prohibitions relating to interstate commerce and the mails any transactions by an issuer that do not involve a public offering (as under current law), whether or not such transactions involve general solicitation or general advertising. Directs the Securities and Exchange Commission (SEC) to revise rules governing an exemption from public offering requirements for limited offers and sales without regard to the dollar amount of the offering (Regulation D), so as to provide that a specified prohibition against general solicitation or general advertising does not apply to offers and sales of securities made pursuant to Regulation D if all purchasers of the securities are accredited investors. Requires such rules to require the issuer to take reasonable steps to verify that purchasers of the securities are accredited investors, using methods determined by the SEC.

Congressional Research Service summary (Passed House amended), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Access to Capital for Job Creators Act

Source: Congressional Research Service summary (Passed House amended)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. McCarthy, Kevin [R-CA-22] · 2 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Recorded votes

House roll call 826 (2011): On Agreeing to the Amendment, HR2940 (2011-11-03): Failed
House roll call 827 (2011): On Motion to Recommit with Instructions, HR2940 (2011-11-03): Failed
House roll call 828 (2011): On Passage, HR2940 (2011-11-03): Passed

Words on this page, explained (3)

Exemption: A rule that removes certain people, property or activities from a tax or requirement.
Rulemaking: The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.
Securities: Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Passed House amended)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-112hr2940.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/112/hr>

Record fed-us-cong112-hr2940 · catalog fed-us-congress-bills-cong112 · updated 2026-11-15 by psicol fed-bills-cong112