Tuesday, February 11, 2014

Crowdfunding in WA- Legislative Action Needed

Seattle Angel Conferencers!  (via the ImpactHUB Seattle)

 We have a chance to pass a crowdfunding law in Washington State that would actually work for businesses like many Hub members.  It seems to be stuck in the House leadership.  Please send an email to help push it along and please add a little something personal if crowdfunding might benefit your business. 
Please email your message (template below) to the following 3 people:


Thanks a lot!
John Sechrest-  Seattle Angel Conference

Subject: Please bring HB 2023, The Washington Jobs Act, to the floor for a vote

Dear State House Leader,

Crowdfunding is an increasingly popular means for entrepreneurs in all parts of our economy to raise critical early capital.

A restaurant owner might use crowdfunding to purchase needed equipment, or a software developer might use crowdfunding to raise the needed money to hire her first employee.

HB 2023 opens up equity crowdfunding in Washington, much as the JOBS Act, signed into law by President Obama in 2011 opened up equity crowdfunding at the federal level.  It would allow Washington's Department of Financial Institutions to regulate small investments in businesses looking to grow.

HB 2023 passed out of committee unanimously, and I respectfully ask you to schedule it for a vote in the Washington State House of Representatives in the coming week.


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