H.R. 2201Micro Offering Safe Harbor Act

1 recorded action150 of these members are on the 2026 ballotWhat the measure does Read on Congress.gov

Sponsor: Tom Emmer [R-MN-06]
Cosponsors: 5 · 5 Republicans
Policy area: Finance and Financial Sector
Committees: Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Latest action: Nov 13, 2017 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

IntroducedApr 27, 2017
Passed the HouseNov 9, 2017
Passed the SenateNot yet reached
Sent to the PresidentNot yet reached
Became lawNot yet reached

What the measure doesCRS summary

Micro Offering Safe Harbor Act

(Sec. 2) This bill amends the Securities Act of 1933 to exempt certain micro-offerings from: (1) state regulation of securities offerings, and (2) federal prohibitions related to interstate solicitation.

The exempted micro-offerings must meet all of the following requirements:

the purchaser has a substantive pre-existing relationship with the issuer,

during the 12-month period preceding the transaction there are no more than 35 purchasers relying on the exemption, and
the amount of all securities sold by the issuer (including any amount sold in reliance upon the exemption) during the 12-month period preceding the transaction does not exceed $500,000.

A transaction shall not qualify for the exemption if the issuer or one of certain related persons triggers a "bad actor" disqualification under specified regulations due to a relevant criminal conviction, court or regulatory order, or other disciplinary event.

Written by the nonpartisan Congressional Research Service, describing H.R. 2201 as passed House amended on Nov 9, 2017. It is not the text of the measure; a later amendment may have changed what it does.

How every member votedHouse roll call 622

House Nov 9, 2017

On Passage

Micro Offering Safe Harbor Act

Passed

232 Yea 188 Nay 12 not voting

Party-line vote 1 of 420 voting members broke with their own party: 1 Republican.

Open the official roll call

How the chamber split

One dot per member. Select a seat or a bar to filter the list.

DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present

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All members432 members

Democratic194 members

Republican238 members

marks half of the votes cast. A party’s majority is the side most of its voting members took.

Cosponsors5 · 5 Republicans

Signing on is not a vote: a member can cosponsor H.R. 2201 and vote against it. 0 signed when it was filed.

RSteve Stivers [R-OH-15]Joined Sep 6, 2017

RLuke Messer [R-IN-06]Joined Sep 6, 2017

RScott Tipton [R-CO-03]Joined Sep 6, 2017

RRobert Pittenger [R-NC-09]Joined Sep 18, 2017

RThomas MacArthur [R-NJ-03]Joined Sep 27, 2017

Who lobbied on H.R. 22016 organizations

Organizations that named H.R. 2201 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.

CHAMBER OF COMMERCE OF THE U.S.A.

Aviation/Airlines/Airports · Travel/Tourism · Trade (domestic/foreign) · Financial Institutions/Investments/Securities +38 more5 filings · 4th Quarter (Oct 1 - Dec 31) 2018Filing

THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATIONfiled by THE PENNSYLVANIA AVENUE GROUP

Financial Institutions/Investments/Securities5 filings · 4th Quarter (Oct 1 - Dec 31) 2018Filing

SMALL BUSINESS & ENTREPRENEURSHIP COUNCIL (SBE COUNCIL)

Small Business4 filings · 3rd Quarter (July 1 - Sep 30) 2018Filing

LEADERSHIP CONFERENCE ON CIVIL AND HUMAN RIGHTS

Financial Institutions/Investments/Securities · Medicare/Medicaid · Education · Labor Issues/Antitrust/Workplace +10 more2 filings · 1st Quarter (Jan 1 - Mar 31) 2018Filing

NATIONAL SMALL BUSINESS ASSOCIATIONIts PAC: National Small Business United PAC

Small Business2 filings · 1st Quarter (Jan 1 - Mar 31) 2018Filing

NATIONAL ASSOCIATION FOR THE ADVANCEMENT OF COLORED PEOPLE

Constitution · Unemployment · Banking · Defense +33 more1 filing · 4th Quarter (Oct 1 - Dec 31) 2017Filing

19 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.