The crowdfunding provision of the JOBS Act gets most of the attention. Section 301 establishes that transactions under $1 million are exempt from certain registration requirements. Note that the act does not specify that only EGCs can use these provisions. The crowdfunding exemption is broadly available to even very large or very old firms.
SEC. 301. SHORT TITLE.
This title may be cited as the “Capital Raising Online While Deterring Fraud and Unethical Non-Disclosure Act of 2012” or the “CROWDFUND Act”.
SEC. 302. CROWDFUNDING EXEMPTION.
(a) SECURITIES ACT OF 1933.—Section 4 of the Securities Act of 1933 (15 U.S.C. 77d) is ...