The CROWDFUND Act (full name: "Capital Raising Online While Deterring Fraud and Unethical Non-Disclosure Act of 2012") was part of the Jumpstart our Business Startups Act which just passed Congress, and which dealt specifically with creating a securities law exemption for crowdfunding. This article runs through important provisions of the CROWDFUND Act and translates them from legislative-ese to plain English.
- Summary by FizzLaw Team
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Crowdfunding: The CROWDFUND Act in Plain English