Bill Number: S.B. 1217

            Pace Floor Amendment

            Reference to: printed bill

            Amendment drafted by: Laura Benitez

FLOOR AMENDMENT EXPLANATION

1. Raises, from $50 million to $75 million, the maximum aggregate offerings and sales of securities under the exemption from registration requirements of an issuer or its outlined officers operating under federal Regulation A, Tier 2.

2. Raises, from $15 million to $22.5 million, the cap on securities offered by the issuer’s affiliates included in the aggregate maximum.

Fifty-fifth Legislature                                                      Pace

First Regular Session                                                   S.B. 1217

PACE FLOOR AMENDMENT

SENATE AMENDMENTS TO S.B. 1217

(Reference to printed bill)

Page 8, line 36, strike "$50,000,000" insert "$75,000,000"

Line 37, strike "$15,000,000" insert "$22,500,000"

Amend title to conform

TYLER PACE

1217PACE0811

02/04/2021

08:11 AM

S: LB/kja