# 117-hr-8998: Unlocking Capital for Small Businesses Act of 2022

117-hr-8998, Unlocking Capital for Small Businesses Act of 2022, is a 117th Congress bill sponsored by Sen. Budd, Ted [R-NC] (R-NC); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-8998
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-8998
- Congress: 117
- Title: Unlocking Capital for Small Businesses Act of 2022
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2022-09-28
- Sponsor: Sen. Budd, Ted [R-NC] (R-NC)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Unlocking Capital for Small Businesses Act of 2022 This bill revises the regulatory treatment of private-placement brokers (brokers who receive transaction-based compensation for the sale of securities to preselected individuals or institutions) and finders (private-placement brokers who do not exceed a specified amount of compensation, transaction value, or number of transactions in a year). Specifically, the bill (1) requires the Securities and Exchange Commission to establish registration requirements for private-placement brokers that are no more stringent than those imposed on crowdfunding portals, (2) allows for membership in any national securities association for private-placement brokers, (3) exempts private-placement brokers from broker regulations, and (4) otherwise modifies provisions related to private-placement brokers and finders.

## Related bills

- 117-hr-1448: PAWS for Veterans Therapy Act
- 117-hr-5142: To award posthumously a Congressional Gold Medal, in commemoration to the servicemembers who perished in Afghanistan on August 26, 2021, during the evacuation…
- 117-hr-1799: PPP Extension Act of 2021
- 117-hr-310: To posthumously award the Congressional Gold Medal, collectively, to Glen Doherty, Tyrone Woods, J. Christopher Stevens, and Sean Smith, in recognition of thei…
- 117-hr-1057: Greatest Generation Commemorative Coin Act
- 117-hr-9557: To prohibit the government of the District of Columbia from using Federal funds to allow individuals who are not citizens of the United States to vote in any e…

## Sources
- [117-hr-8998 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/8998)

## Related
- [117-hr-1448: PAWS for Veterans Therapy Act](https://policyrisk.com/legislation/117-hr-1448)
- [117-hr-5142: To award posthumously a Congressional Gold Medal, in commemoration to the servi…](https://policyrisk.com/legislation/117-hr-5142)
- [117-hr-1799: PPP Extension Act of 2021](https://policyrisk.com/legislation/117-hr-1799)
- [117-hr-310: To posthumously award the Congressional Gold Medal, collectively, to Glen Doher…](https://policyrisk.com/legislation/117-hr-310)
- [117-hr-1057: Greatest Generation Commemorative Coin Act](https://policyrisk.com/legislation/117-hr-1057)
- [117-hr-9557: To prohibit the government of the District of Columbia from using Federal funds…](https://policyrisk.com/legislation/117-hr-9557)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-8998 (as of 2025-11-18).