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Witnesses urge raising Reg CF cap, removing Reg A limit to expand online capital formation
Summary
DealMaker and other witnesses told the subcommittee that raising offering caps and harmonizing Reg A and Reg CF rules would let more communities participate in capital formation while proponents argued standardized disclosures already provide protections for smaller investors.
Witnesses testifying at the Subcommittee on Capital Markets urged Congress to update limits on online exemptions and to harmonize rules so more companies can raise capital through Reg CF and Reg A.
Rebecca Kasaba, CEO and cofounder of DealMaker, told the committee her platform has facilitated roughly $2 billion in raises for about 900 American companies and urged three main reforms: remove the $75 million cap on Reg A offerings, increase the Reg CF limit from $5 million to $10…
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