Reforming Access for Investments in Startup Enterprises Act of 2015 or the RAISE Act of 2015
Amends the Securities Act of 1933 to exempt from prohibitions relating to interstate commerce and the mails any transaction where: (1) each purchaser is an accredited investor; and (2) if the securities are offered by means of any general solicitation or general advertising, all such sales are made through a platform available only to accredited investors.
Denies such exemption to transactions where the seller is: (1) either an issuer, its subsidiaries or parent; (2) a dealer; or (3) an underwriter acting on behalf of the issuer, its subsidiaries, or parent, which receives compensation from the issuer with respect to such sale.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2015-10-07 | IntroReferral | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate |
| 2015-10-06 | Vote | On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 404 - 0 (Roll no. 535). (text: CR H6806) | House floor actions |
| 2015-10-06 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2015-10-06 | Floor | Considered as unfinished business. (consideration: CR H6818-6819) | House floor actions |
| 2015-10-06 | Floor | At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. | House floor actions |
| 2015-10-06 | Floor | DEBATE - The House proceeded with forty minutes of debate on H.R. 1839. | House floor actions |
| 2015-10-06 | Floor | Considered under suspension of the rules. (consideration: CR H6805-6808) | House floor actions |
| 2015-10-06 | Floor | Mr. Garrett moved to suspend the rules and pass the bill, as amended. | House floor actions |
| 2015-10-06 | Calendars | Placed on the Union Calendar, Calendar No. 213. | House floor actions |
| 2015-10-06 | Committee | Reported (Amended) by the Committee on Financial Services. H. Rept. 114-281. | House floor actions |
| 2015-07-29 | Committee | Ordered to be Reported (Amended) by the Yeas and Nays: 58 - 0. | House committee actions |
| 2015-07-29 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2015-07-28 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2015-04-29 | Committee | Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral. | House committee actions |
| 2015-04-16 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2015-04-16 | IntroReferral | Introduced in House | Library of Congress |