Senator Brown's Crowdfunding Legislation Passes as Part of the JOBS Act, Paving the Way for Increased Entrepreneurship

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We are proud of the effort put forth by Senator Brown and the support that has been generated across party lines.

Less than five months since Senator Brown introduced crowdfunding legislation (S. 1791), which generated Presidential support within the Startup America Legislative Agenda and spurred bipartisan efforts through Senators Scott Brown (R-MA), Jeff Merkley (D-OR) and Michael Bennet’s (D-CO) introduction of the CROWDFUND Act (S. 2190), the JOBS Act bill (HR – 3606) passed by a vote of 73-26 with a crowdfunding amendment passing at 64-35, allowing small businesses a platform, like, to receive capital from worldwide investors.

Maurice Lopes, President and co-founder of, the first equity-based crowdfunding platform in the United States that helps to raise capital from investors for a company, stated “We are proud of the effort put forth by Senator Brown and the support that has been generated across party lines. We believe this is the most important economic legislation to develop and that it will give viable small businesses and entrepreneurs, from across the country, hope, inspiration and funding. That is a powerful thing and we look forward to watching the trickle-down effect on the economy as it creates jobs along the way.” was started in 2011 and has been registering interested investors, collecting project pitches from entrepreneurs and taking names, through an online petition, of those in support of the Crowdfunding Act. The pioneering crowdfunding site for investors to give capital to small businesses will continue to prepare for the checks and balances that are required from the SEC, expected in less than nine months time.

Lopes said, “This is an excellent step for America and it is a clear investment in our future. At we review and screen every funding application to determine the best possible opportunities, the ideas that have the highest possible return for investors and the best management teams, among other factors. We look for businesses with high growth potential that, with the help of the platform, will thrive and expand in an environment where they were previously stifled.”, founded in 2011, is an equity-based crowdfunding platform that connects entrepreneurs and investors. has a corporate office in Miami, FL, a business development office in Manhattan, NY and a San Jose and Washington D.C. location coming soon. You can learn more about by visiting their website.

Note to Media: To arrange a conversation with Maurice Lopes or to discuss any topic regarding, please contact Doreen Clark at (763) 954-1978 or doreenclarkpr(at)hotmail(dot)com.

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Doreen Clark
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