Awesome. It’s passed the House:
http://www.govtrack.us/congress/bill.xpd?bill=h112-2930
Might be a good idea for people to contact their senators.
I read the bill, it’s a little hard to tell its full effect because it’s written as changes to existing law, so really you have to look up the law as well to get the context. But I didn’t see anything about previous investments. The limit is up to $2 million if you provide audited financial statements. Those are annual limits. Individual investors are limited to $10,000 or 10% of their annual income, whichever is less.
