February 14, 2014
House approves crowdfunding bill
A bill to allow Maine businesses to raise funds from small investors in the state cleared the House in a nearly unanimous vote Thursday.
The Bangor Daily News reported the bill passed 129-1 and will now head to the Senate for enactment, which would send the bill to the governor’s desk. The bill would allow Maine-based companies to raise up to $1 million by selling small amounts of equity to individual in-state investors, capped at an annual amount of $5,000 per investor.
A spokeswoman for Gov. Paul LePage declined to say whether the governor would sign such a bill.
Most Recent
Most Recent
Comments