This bill deals with crowdfunding—the practice of funding a project or venture by raising many small amounts of money from a large number of people, often via the Internet. The bill would increase the cap on crowdfunding dollar amounts from $1 million to $5 million. The bill also eliminates a number of reporting requirements relating to crowdfunding. One of these deals with “funding portals”: crowdfunding intermediaries that are not brokers (meaning they don’t sell securities, offer investment advice, or compensate employees). The bill would still require these portals to register with the SEC, but not with the Financial Industry Regulatory Authority (FINRA). Additionally, the bill would allow issuers of securities to self-certify financial statements for capital raises under $500,000, use independently-reviewed (that is, non-SEC) financial statements for capital raises between $500,000 and $3 million, and provide audited financial statements for raises above $3 million.