On Tuesday, March 20th the Senate will take up the House-approved JOBS Act.Â It includes the majority of the Crowdfunding framework that we originally brought to DC, was used by Representative McHenry (R-NC) as the basis for HR2930, and was endorsed by the President.Â Several components of the framework were also included in the Senate version and many of our ideas are the ones used in the bipartisan Merkley/Bennet/Brown/Landrieu compromise that was offered as an amendment to the Crowdfunding portion of the House-approved Bill.
Everyone is in agreement. Â Solving the funding problem faced by our nation’s job creators is a smart thing. Â Crowdfund Investing (CFI) is a great idea but it has to take place in a marketplace that is transparent and accountable. Â However, without a Senate passed bill, Crowdfund Investing won’t exist.
When the Senate takes up the bill on Tuesday, it is important that if you support Crowdfunding in any shape or formyou do the following:
- Call your Senators and tell them â€œI support the JOBS Act and Senator _______ should vote in favor of it.â€
- Rally your supporter, followers, friends and family to do the same thing.Â Tweet, Facebook post, Linkedin update, etc about this!Â The opponents to Crowdfunding are outnumbering proponents in calls to the Senate.Â If Crowdfunding fails here, it dies and history proves that its chances of being resurrected again are near zero. Â Here’s a tweet you can use:Â 2 Directions #Crowdfunding can go in Tuesdayâ€™s Senate Vote & What You Need to Do http://wp.me/p1JYwD-48 PLEASE RETWEET! #JOBSAct.
Kevin Lawton, author of The Crowdfunding Revolution said it best in the Huffington Post, “We are on the precipice of a historical moment for entrepreneurs, and for America to set the precedent for innovation again. Crowdfunding is not only a win for the 99%. Allowing it is a veritable 1st Amendment for American business owners. We need your support, now!”
It is CRITICAL THAT THE SENATE VOTE IN FAVOR OF THE PRESIDENT, JOBS AND CROWDFUNDING!Â Â If the Senate votes against the JOBS Act, Crowdfunding will probably never see the light of day!Â It is important that if you support Crowdfunding you have your voice heard Tuesday!
We are back in Washington, DC and working tirelessly to see this through!
All our best,
Woodie, Jason & Zak
Contact us: Â Got a comment? Â Need to speak to us? Â Here’s how …
Sherwood Neiss, email@example.com, 202-247-7182
Jason Best, firstname.lastname@example.org
Zak Cassady-Dorion, email@example.com