H.R. 2930

House Resolution 2930, named the "Entrepreneur Access to Capital Act," is a federal bill currently under review that would affect crowdfunded businesses and projects.  It allows an exemption for registration with the SEC as long as these projects meet certain requirements based on the projects income and the amount of ‘equity’ sold within a 12-month period.  The resolution also sets up requirements for intermediaries to crowdfunding, such as websites or applications, which include warnings, actions to reduce fraud, production of information, background checks on entities using the intermediary, and access to the intermediary by the SEC.  The requirements for projects not using an intermediary for crowdfunding are similar to those requirements placed on intermediaries.  Information and access to information must be provided in all situations.