Monday, June 20, 2016

NC PACES Act Passes NC Senate by a Vote of 48 to 0

Tonight the NC Senate passed SB481 which includes the NC PACES Act crowdfunding exemption as Part I of the bill. The bill passed the second and third reading by a vote of 48 to 0, and was sent on to the House by Special Message. This is a significant step forward for the bill, which enables a new way of raising capital for North Carolina startups and small businesses using investment crowdfunding. Senator Barringer and Senator Gunn spoke on behalf of the bill.

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