{
  "id": "R42060",
  "type": "CRS Report",
  "typeId": "REPORTS",
  "number": "R42060",
  "active": true,
  "source": "EveryCRSReport.com",
  "versions": [
    {
      "source": "EveryCRSReport.com",
      "id": 405150,
      "date": "2012-04-05",
      "retrieved": "2016-04-06T21:48:48.774565",
      "title": "Crowdfunding and the Exemption for Small Firms from Securities and Exchange Commission Registration Requirements",
      "summary": "Crowdfunding refers to the financing of an activity through the collective cooperation of people who pool their money or other resources, sometimes through a networking site on the Internet. Common goals of crowdfunding involve such activities as disaster relief, political campaigns, and investing. In the investment area, crowdfunding may involve relatively small individual monetary contributions from a group of investors in order to meet a specific goal. Crowdfunding in the investment area received increased attention in the 112th Congress, resulting with the passage of the Jumpstart Our Business Startups Act (JOBS Act), in exemption from some federal securities registration requirements for crowdfunding activities. The President signed the bill on April 5, 2012.",
      "type": "CRS Report",
      "typeId": "REPORTS",
      "active": true,
      "formats": [
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          "encoding": "utf-8",
          "url": "http://www.crs.gov/Reports/R42060",
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          "filename": "files/20120405_R42060_91ea38665219e7b1d4f8c9f394798c50bfbd4010.html",
          "images": null
        },
        {
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          "url": "http://www.crs.gov/Reports/pdf/R42060",
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      ],
      "topics": [
        {
          "source": "IBCList",
          "id": 562,
          "name": "Securities Regulation"
        }
      ]
    }
  ],
  "topics": []
}