l9n/ Mississippi

2014 Regular Session

Senate Bill 2685

Invest Mississippi Exemption; create to allow equity crowdfunding for certain small security offerings.

Did not become law. It stopped in the Senate's Business and Financial Institutions Committee on February 11, 2014. The 2014 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO AMEND SECTION 75-71-202, MISSISSIPPI CODE OF 1972, TO EXEMPT CERTAIN SMALL SECURITIES OFFERINGS FROM SECURITIES REGISTRATION REQUIREMENTS; TO CREATE NEW SECTION 75-17-202.1, MISSISSIPPI CODE OF 1972, TO CREATE THE INVEST MISSISSIPPI EXEMPTION TO ALLOW EQUITY CROWDFUNDING FOR CERTAIN SMALL SECURITY OFFERINGS; TO REQUIRE CERTAIN DISCLOSURES TO INVESTORS; TO REQUIRE PERIODIC REPORTING TO INVESTORS; TO AUTHORIZE THE SECRETARY OF STATE TO ADOPT RULES TO IMPLEMENT THE PROVISIONS OF THIS ACT AND TO PROTECT INVESTORS WHO PURCHASE SECURITIES UNDER THIS ACT; TO ESTABLISH A FILING FEE TO PAY THE COSTS INCURRED IN ADMINISTERING THE ACT; AND FOR RELATED PURPOSES.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the Senate

Its course

January 20 to February 11, 2014, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

Each committee stop sits inside its chamber.

Every action4 actions on 3 days

In the SenateJan 20 to Feb 11 · stopped22 days

Business and Financial InstitutionsJan 20 to Jan 3010 days

Business and Financial InstitutionsFeb 11 to Feb 11 · stopped0 days

Text

Each version as the Legislature printed it.

l9n doesn't hold this bill's text yet.

What happened

In l9n's words, one line for each step. Every action as the Legislature published it is below.

In the Senate Jan 20 – Feb 11

  1. Jan 20Referred to the Senate committee on Business and Financial Institutions
  2. Jan 30Reported from committee in the Senate: title sufficient, do pass as a committee substitute
  3. Feb 11Recommitted to committee in the Senate
  4. Died in committee in the Senate
All 4 actions, as published
  1. Jan 20Referred To Business and Financial InstitutionsSenate
  2. Jan 30Title Suff Do Pass Comm SubSenate
  3. Feb 11Recommitted to CommitteeSenate
  4. Feb 11Died In CommitteeSenate