Oregon to delve into crowdfunding rules

Dec 3, 2014, 6:47am PST

Link to Original Article

The rules would affect Oregon small businesses looking to raise start-up cash, among other enterprises.

Andy Giegerich
Digital Managing Editor-
Portland Business Journal

The Oregon Department of Consumer and Business Services wants to learn a little bit more about crowdfunding.
The agency is holding a public hearing today at 9 a.m. to collect input on a new proposed rule. The rule would create an exemption that allows Oregon-based small businesses to raise up to $250,000 from Oregon investors without needing to register the contributions.
The rule would place a $2,500 limit on any single investment.
Companies covered under the rule would need to be registered to do business in Oregon and sell securities only to Oregon residents.
The hearing takes place in Room 260 in the Labor and Industries Building, 350 Winter St. NE, in Salem.

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