# 114-hr-4850: Micro Offering Safe Harbor Act

114-hr-4850, Micro Offering Safe Harbor Act, is a 114th Congress bill sponsored by Rep. Emmer, Tom [R-MN-6] (R-MN); status Placed on the Union Calendar, Calendar No. 561. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-4850
- 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-4850
- Congress: 114
- Title: Micro Offering Safe Harbor Act
- Status: Placed on the Union Calendar, Calendar No. 561.
- Introduced: 2016-03-23
- Sponsor: Rep. Emmer, Tom [R-MN-6] (R-MN)
- Cosponsors: 7
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Micro Offering Safe Harbor Act This bill amends the Securities Act of 1933 to exempt from specified prohibitions against the sale or delivery after sale of unregistered securities, among other things, transactions involving the sale of securities by an issuer of micro-offerings that meet one or more of the following criteria: each purchaser has a substantive pre-existing relationship with either an officer or director of the issuer, or with a shareholder holding 10% or more of the issuer's shares; during the 12-month period preceding the transaction there are no more than 35 purchasers of such micro-offerings sold in reliance on this exemption; and the aggregate amount of all securities sold by the issuer (including any amount sold in reliance upon the exemption) during the 12-month period preceding the transaction does not exceed $500,000. The bill also exempts such micro-offerings from state regulation of securities offerings.

## Cosponsors (7)

- Rep. Messer, Luke [R-IN-6] (R-IN), 2016-03-23T00:00:00.000Z
- Rep. Barr, Andy [R-KY-6] (R-KY), 2016-03-23T00:00:00.000Z
- ED ROYCE (R-CA), 2016-03-23T00:00:00.000Z
- Rep. Chabot, Steve [R-OH-1] (R-OH), 2016-03-23T00:00:00.000Z
- Rep. Tipton, Scott R. [R-CO-3] (R-CO), 2016-03-23T00:00:00.000Z
- Rep. Brooks, Mo [R-AL-5] (R-AL), 2016-03-23T00:00:00.000Z
- Rep. Williams, Roger [R-TX-25] (R-TX), 2016-03-23T00:00:00.000Z

## Related bills

- 114-hr-4773: Protecting Workplace Advancement and Opportunity Act
- 114-hr-3929: Office of Strategic Services Congressional Gold Medal Act
- 114-hr-2896: TAILOR Act of 2015
- 114-hr-1309: Systemic Risk Designation Improvement Act of 2015
- 114-hr-1190: Protecting Seniors' Access to Medicare Act of 2015
- 114-hr-893: Boys Town Centennial Commemorative Coin Act

## Sources
- [114-hr-4850 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/4850)

## Related
- [114-hr-4773: Protecting Workplace Advancement and Opportunity Act](https://policyrisk.com/legislation/114-hr-4773)
- [114-hr-3929: Office of Strategic Services Congressional Gold Medal Act](https://policyrisk.com/legislation/114-hr-3929)
- [114-hr-2896: TAILOR Act of 2015](https://policyrisk.com/legislation/114-hr-2896)
- [114-hr-1309: Systemic Risk Designation Improvement Act of 2015](https://policyrisk.com/legislation/114-hr-1309)
- [114-hr-1190: Protecting Seniors' Access to Medicare Act of 2015](https://policyrisk.com/legislation/114-hr-1190)
- [114-hr-893: Boys Town Centennial Commemorative Coin Act](https://policyrisk.com/legislation/114-hr-893)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-4850 (as of 2025-11-18).