# 117-hr-9478: Improving Crowdfunding Opportunities Act

117-hr-9478, Improving Crowdfunding Opportunities Act, is a 117th Congress bill sponsored by Rep. McHenry, Patrick T. [R-NC-10] (R-NC); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-9478
- 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-9478
- Congress: 117
- Title: Improving Crowdfunding Opportunities Act
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2022-12-08
- Sponsor: Rep. McHenry, Patrick T. [R-NC-10] (R-NC)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Improving Crowdfunding Opportunities Act This bill reduces regulations applicable to crowdfunding securities and portals. Crowdfunding is used to raise capital through a large number of individuals investing potentially small amounts of money. The bill exempts certain securities issued under crowdfunding regulations from state regulation of secondary transactions. It also exempts crowdfunding portals from certain anti-money laundering reporting and recordkeeping requirements. Finally, crowdfunding portals are exempted from liability for material misstatements or omissions unless the portal knowingly makes certain untrue statements or engages in fraud or deceit.

## Related bills

- 117-hr-1448: PAWS for Veterans Therapy Act
- 117-hr-1193: Cardiovascular Advances in Research and Opportunities Legacy 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-9589: To ensure the successful development of the electronic Income Verification Express Service of the Internal Revenue Service by amending the Taxpayer First Act t…
- 117-hr-9556: Financial Services Innovation Act of 2022
- 117-hr-9459: To amend the Securities Exchange Act of 1934 to exclude qualified institutional buyers and institutional accredited investors when calculating holders of a sec…

## Sources
- [117-hr-9478 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/9478)

## Related
- [117-hr-1448: PAWS for Veterans Therapy Act](https://policyrisk.com/legislation/117-hr-1448)
- [117-hr-1193: Cardiovascular Advances in Research and Opportunities Legacy Act](https://policyrisk.com/legislation/117-hr-1193)
- [117-hr-5142: To award posthumously a Congressional Gold Medal, in commemoration to the servi…](https://policyrisk.com/legislation/117-hr-5142)
- [117-hr-9589: To ensure the successful development of the electronic Income Verification Expr…](https://policyrisk.com/legislation/117-hr-9589)
- [117-hr-9556: Financial Services Innovation Act of 2022](https://policyrisk.com/legislation/117-hr-9556)
- [117-hr-9459: To amend the Securities Exchange Act of 1934 to exclude qualified institutional…](https://policyrisk.com/legislation/117-hr-9459)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-9478 (as of 2025-11-18).