Note from Bill: this is a guest post by Michael "Luni" Libes & Joe Wallin.
Tomorrow, Tuesday, February 25th, the Washington State Senate is having a hearing on HB 2023, titled the Washington Jobs Act of 2014.
HB 2023 is a state crowdfunding bill.
It would allow Washington startups to raise up to $1M during any 12 month period, from accredited and non-accredited investors. There are individual investor caps in the state bill that track the same individual investor caps in the federal JOBS Act.
If passed, the bill would be substantially more accessible for startups than the federal crowdfunding bill.
You can read the latest text of the bill at this link: http://apps.leg.wa.gov/documents/billdocs/2013-14/Pdf/Bills/House%20Bills/2023-S.E.pdf
There are several articles that have been written about this bill that can help you get up to speed on it:
- See hb2032.org
- See this piece in Xconomy http://www.xconomy.com/seattle/2014/02/24/act-now-to-support-crowdfunding-in-washington-state/
- See also this these pieces in GeekWire http://www.geekwire.com/2014/support-washingtons-proposed-crowdfunding-law/
If you would like to attend the Senate hearing tomorrow, your presence at the hearing and support of the bill would be greatly appreciated.
If you want to attend, please RSVP at hb2023.eventbrite.com
Full text of the bill: 2023-S.E
House bill report: 2023-S.E HBR APH 14
Official web site: http://apps.leg.wa.gov/billinfo/summary.aspx?bill=2023
Senate Committee web site: http://content.govdelivery.com/accounts/WALEG/bulletins/a6a571
Map of Olympia, WA: Campus map