,i  #aaeth ,,congress  #ast ,session    
,h4 ,r4 #eca  ,,in ,,the ,,house ,,of   
,,representatives  ,january #ac1        
#bjag,mr4 ,hill 7for himself and ,mr4   
,schweikert7 introduced the following   
bill2 which was referred to the         
,committee on ,ways and ,means  ,a      
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to make an exception to 
the #ajj shareholder ,s corporation     
limitation in the case of shareholders  
whose shares were acquired through      
certain crowd-funding or small public   
offerings4  #a4 ,short title ,this ,act 
may be cited as the ,s-,corp ,access to 
,crowdfunding ,act4  #b4 ,exception to  
,s corporation shareholder limitation in
 case of crowd-funding and small public 
offerings  7a7 ,in general ,section     
#acfa7;c7 of the ,internal ,revenue     
,code of #aihf is amended by adding at  
the end the following new paragraph3    
7#g7 ,treatment of shares acquired      
through crowd-funding and small public  
offerings ,the number of shareholders of

 the corporation shall be determined    
under subsection 7b77#a77;,a7 without   
regard to any individual who has only   
acquired shares in the corporation      
through--  7,a7 a public offering that  
meets the terms and conditions set forth
 in ,regulation ,a promulgated by the   
,securities and ,exchange ,commission   
7#ag ,c4,f4,r4 #bcj4bea et seq471 or    
7,b7 one or more transactions described 
in section #d7;a77#f7 of the ,securities
 ,act of #aicc 7#ae ,u4,s4,c4           
#gg;d7a77#f774  4  7b7 ,effective date  
,the amendment made by this section     
shall apply to taxable years beginning  
after the date of the enactment of this 
,act4