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Reforming Access for Investments in Startup Enterprises Act of 2015 or the RAISE Act of 2015
(Sec. 2) The Securities Act of 1933 is amended to exempt from security registration requirements, and related prohibitions against using interstate commerce and the mails for the sale or delivery of securities after sale, any transaction where:
each purchaser is an accredited investor;
Securities acquired in such exempt transactions shall be deemed to: (1) have been acquired in a transaction not involving any public offering, (2) not be a distribution involving an underwriter, and (2) be restricted securities not subject to certain transaction requirements.
All transactions under this Act shall be exempt from state regulation of securities offerings.
Written by the nonpartisan Congressional Research Service, describing H.R. 1839 as passed House amended on Oct 6, 2015. It is not the text of the measure; a later amendment may have changed what it does.
House Oct 6, 2015
Reforming Access for Investments in Startup Enterprises Act or the RAISE Act
Passed · Two-thirds required
404 Yea 0 Nay 30 not voting
Crossed both parties No voting member broke with their own party.
DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present
434 members on this roll call, from the official House record. Party majorities need at least five voting members, so an independent never counts as breaking with a party.
Signing on is not a vote: a member can cosponsor H.R. 1839 and vote against it. 0 signed when it was filed.
Organizations that named H.R. 1839 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.
31 disclosures name this measure. Retrieved from LDA.gov on 2026-10-05. Senate Office of Public Records cannot vouch for the data or analyses derived from these data after the data have been retrieved from LDA.gov.