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Committee advances Invest Arkansas Exemption Act to expand startup investment caps
Summary
Senate Bill 220, the Invest Arkansas Exemption Act, would expand a securities offering exemption to allow larger offerings by Arkansas startups and raise the per‑investor maximum for nonaccredited investors; the Insurance & Commerce Committee approved the bill by voice vote.
Senate Bill 220, described by sponsors as the Invest Arkansas Exemption Act, would widen a state exemption for securities offerings to allow Arkansas-based startups to raise more capital and to increase how much a single nonaccredited investor may invest.
Campbell McLaren, deputy commissioner of the Arkansas Securities Department, joined Senator Boyd to present the agency-sponsored bill. “This is an agency bill which seeks to expand…
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