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Wisconsin Crowdfunding Bill Passes Senate

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The Wisconsin crowdfunding bill has passed the state Senate and now moves to the desk of Wisconsin Governor Scott Walker.

Quoting the Milwaukee Business Journal:


"Where the federal government has delayed, Wisconsin has acted," said Rep. David Craig, (R-Vernon), one of the bill's lead co-authors, in a prepared statement. "Where other states have failed to allow small business to harness the power of the Internet, Wisconsin has embraced it. Sen. (Leah) Vukmir, Rep. (Chad) Weininger and I have put our joint time and efforts into crafting this important legislation, and with the overwhelming support of the Legislature we look forward to Gov. Walker signing this important jobs bill in the near future."

The Wisconsin bill, if passed into law, would make Wisconsin the third state to permit intrastate crowdfund offerings (along with Kansas and Georgia).

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Isaac Gorodetski
Project Manager,
Center for Legal Policy at the
Manhattan Institute
igorodetski@manhattan-institute.org

Katherine Lazarski
Press Officer,
Manhattan Institute
klazarski@manhattan-institute.org

 

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