# 114-hr-1839: Reforming Access for Investments in Startup Enterprises Act of 2015 or the RAISE Act of 2015

114-hr-1839, Reforming Access for Investments in Startup Enterprises Act of 2015 or the RAISE Act of 2015, is a 114th Congress bill sponsored by Rep. McHenry, Patrick T. [R-NC-10] (R-NC); status Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-1839
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-1839
- Congress: 114
- Title: Reforming Access for Investments in Startup Enterprises Act of 2015 or the RAISE Act of 2015
- Status: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced: 2015-04-16
- Sponsor: Rep. McHenry, Patrick T. [R-NC-10] (R-NC)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

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.

## Cosponsors (1)

- Rep. Schweikert, David [R-AZ-1] (R-AZ), 2015-07-27T00:00:00.000Z

## Related bills

- 114-hr-6427: Creating Financial Prosperity for Businesses and Investors Act
- 114-hr-5499: Agency Accountability Act of 2016
- 114-hr-5143: Transparent Insurance Standards Act of 2016
- 114-hr-4855: Fix Crowdfunding Act
- 114-hr-4854: Supporting America's Innovators Act of 2016
- 114-hr-4768: Separation of Powers Restoration Act of 2016

## Sources
- [114-hr-1839 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/1839)

## Related
- [114-hr-6427: Creating Financial Prosperity for Businesses and Investors Act](https://policyrisk.com/legislation/114-hr-6427)
- [114-hr-5499: Agency Accountability Act of 2016](https://policyrisk.com/legislation/114-hr-5499)
- [114-hr-5143: Transparent Insurance Standards Act of 2016](https://policyrisk.com/legislation/114-hr-5143)
- [114-hr-4855: Fix Crowdfunding Act](https://policyrisk.com/legislation/114-hr-4855)
- [114-hr-4854: Supporting America's Innovators Act of 2016](https://policyrisk.com/legislation/114-hr-4854)
- [114-hr-4768: Separation of Powers Restoration Act of 2016](https://policyrisk.com/legislation/114-hr-4768)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-1839 (as of 2025-11-18).