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When writing an article like this you should include the name of the bill, Chris Dodd's Restoring American Financial Stability Bill, and a link to where you wou

by jcnnghm 17y ago

When writing an article like this you should include the name of the bill, Chris Dodd's Restoring American Financial Stability Bill, and a link to where you would go to contact your senators, http://www.senate.gov/general/contact_information/senators_cfm.cfm http://www.senate.gov/general/contact_information/senators_c.... It's also wise to include a sample letter that people can quickly modify and send. Dear Senator Mikulski, In Senator Dodd's Restoring American Financial Stability Bill, there is currently a provision to change the definition of an accredited investor as defined in Rule 501 of Regulation D of the Securities Act of 1933. At present, an accredited investor is defined as someone with a net worth of over $1mm or net income of over $200k. Dodd's bill would increase that to $2.3mm and $450k respectively. And then index those numbers to inflation. Unfortunately, while these changes may look good on paper, in practice they will severely dampen the flow of money into job creating early-stage technology companies. Many early-stage technology companies are funded by one or more angel investors. Increasing the accreditation requirements will reduce the pool of potential angel investors, reducing the flow of money into the technology industry. Between 1994 and 2004, employment in the technology industry increased by 616,000, a staggering 8% annual growth rate. Through 2014, an additional 453,000 jobs are expected to be created by the industry as a whole. Reducing, and in some cases eliminating, the flow of investment capital into this industry will hamper the job-creation potential while our nation needs it the most. Early-stage technology companies are also responsible for the creation of innovative new products and services that spread throughout the world. Many of these companies are funded with small private investments; some have the potential to go on to become the next Google, Facebook, Twitter, or Apple. Entrepreneurial innovation has been in the character of this nation since its founding. Please oppose the modification of the definition of accredited investors in Senator Dodd's Restoring American Financial Stability Bill. Thank you for your time and consideration of this matter, jcnnghm include your address, telephone number, e-mail address, and congressional voting district (http://www.redistrictingthenation.com/search.aspx http://www.redistrictingthenation.com/search.aspx)

anigbrowl 17y ago
At present, an accredited investor is defined as someone with a net worth of over $1mm or net income of over $200k. Dodd's bill would increase that to $2.3mm and $450k respectively. Untrue. The bill would direct the SEC to review the existing financial thresholds in the light of inflationary changes since 1982 but does not mandate any particular change. The SEC might, for example, choose to leave the limits about where they are at and simply index to inflation from now on. I am not in favor of shrinking the pool of accredited investors unnecessarily. I am, however, in favor of accuracy when discussing the contents of the bill.

by jcnnghm 17y ago

anigbrowl 17y ago

At present, an accredited investor is defined as someone with a net worth of over $1mm or net income of over $200k. Dodd's bill would increase that to $2.3mm and $450k respectively. Untrue. The bill would direct the SEC to review the existing financial thresholds in the light of inflationary changes since 1982 but does not mandate any particular change. The SEC might, for example, choose to leave the limits about where they are at and simply index to inflation from now on. I am not in favor of shrinking the pool of accredited investors unnecessarily. I am, however, in favor of accuracy when discussing the contents of the bill.