The Veterans Entrepreneurship Act of 2015 (H.R. 2499), makes it easier for a veteran or spouse of a veteran to obtain the private capital they need to start a business. The legislation achieves this by waiving the upfront guarantee fee for a Small Business Administration 7(a) express loan at no cost to the taxpayer.
Chairman Chabot, Chairman of the House Small Business Committee, has worked with Members of Congress from both sides of the aisle to find new ways to empower America’s entrepreneurs and remove obstacles in the way of their success.
Chairman Cabot says, “We must do all we can to help America’s entrepreneurs who dare to dream and put their shoulders to the wheel to turn those dreams into a reality. When they succeed, they create jobs and jump-start economic growth, benefitting our communities, our states and our country.”
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Congressman Chabot
Congress
Passes Veterans Entrepreneurship
Act of 2015
Raising Capital Using a
Regulation A+ Mini-IPO
Passed into Law
June 19, 2015
Reg A+ of Title IV of the JOBS Act is a type of offering allowing private companies to raise up to $50 Million from the public.
Like an IPO, Reg A+ allows companies to offer shares to the general public and not just accredited investors. Companies looking to raise capital via Reg A+ will first need to file with the SEC and get approval before launching a mini-IPO. However, the fees associated with a Reg A+ offering are much lower than a traditional IPO and the ongoing disclosure requirements are much less burdensome, effectively making a Reg A+ offering a mini-IPO. Accredited Investors while those conducting a Reg A offering are able to accept funds from both accredited and non-accredited investors.
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