Video on 'crowdfunding' with Rep. Patrick McHenry

During the 2008 campaign, the Obama election juggernaut liked to claim, incorrectly it turns out, that the bulk of its warchest came from small-time donors.

But perhaps the idea, in the business world, is a good one. Rep. Patrick McHenry (R-NC) thinks so, which is why he's sponsoring the The Entrepreneur Access to Capital Act (H.R. 2930), so "crowdfunding" can be done with less government interference.

From his office's YouTube channel:



The New York Times likes the bill, and the Wall Street Journal explains it in greater detail.

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