Colorado Votes To Expand Crowdfunding
DENVER (AP) - Colorado lawmakers have agreed to expand investment in private start-up companies by sending the governor a bill to expand the pool of potential investors.
A bill approved by the Senate Monday would make Colorado at least the 15th state to simplify regulations for residents who want to invest in Colorado companies through online intermediaries. The bill already passed the House.
Current Colorado law requires those investors to make at least $200,000 annually and have a $1 million net worth. The bar was established to protect smaller investors from potential risks.
Companies would be limited to raising $1 million through the new crowdfunding scheme.
The bill now awaits the signature of Gov. John Hickenlooper.
LINK: House Bill 1246
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