(1) The Jumpstart Our Business Startups Act 
of 2012 (Public Law 112–106) was a law that ex-
panded opportunity and access to capital for entre-
preneurs. 
(2) As the rules of the Jumpstart Our Business 
Startups Act of 2012 have taken time to be final-
ized, participation by small business concerns in part 
227 of title 17, Code of Federal Regulations (com-
monly known as ‘‘Regulation CF’’) and Rule 504 of 
Regulation D (section 230.504 of title 17, Code of 
Federal Regulations) is still maturing. 
(3) The Small Business Administration serves 
as a resource for thousands of small business con-
cerns and entrepreneurs across the United States 
seeking financing, aid, counsel, and assistance in 
starting or growing their business. 
SEC. 3. RESOURCES ON REGULATION CF AND RULE 504 OF 
REGULATION D. 
(a) IN GENERAL.—The Administrator of the Small 
Business Administration, in coordination with the Office 
of Advocacy of the Administration and the Office of the 
Advocate for Small Business Capital Formation of the Se-
curities Exchange Commission, shall develop and dissemi-
nate, and make publicly available on a website of the Ad-
ministration, resources related to— 
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(1) part 227 of title 17, Code of Federal Regu-
lations (commonly known as ‘‘Regulation CF’’) im-
plementing title III of the Jumpstart Our Business 
Startups Act of 2012 (Public Law 112–106) (com-
monly known as the ‘‘CROWDFUND Act’’); and 
(2) Rule 504 of Regulation D (section 230.504 
of title 17, Code of Federal Regulations). 
(b) CONTENT.—The resources described in sub-
section (a) should include the following: 
(1) A description of Regulation CF and Rule 
504 of Regulation D. 
(2) An explanation of how a small business con-
cern (as defined in section 3 of the Small Business 
Act (15 U.S.C. 632)) may be affected by Regulation 
CF and Rule 504 of Regulation D. 
(3) How Regulation CF and Rule 504 of Regu-
lation D may be helpful in assisting small business 
concerns with raising capital from investors. 
(4) Provide points of contact to the Office of 
the Advocate for Small Business Capital Formation 
of the Securities Exchange Commission to a small 
business concern. 
(c) UPDATES.—Not less frequently than once a year, 
the Administrator of the Small Business Administration, 
in coordination with the Office of Advocacy of the Admin-
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istration and the Office of the Advocate for Small Busi-
ness Capital Formation of the Securities Exchange Com-
mission, shall update the resources described in subsection 
(a) in accordance with any modifications made to Regula-
tion CF and Rule 504 of Regulation D. 
(d) RESOURCE PARTNERS.—The Administrator of 
the Small Business Administration shall disseminate the 
resources described in subsection (a) to— 
(1) small business development centers (as de-
fined in section 3 of the Small Business Act (15 
U.S.C. 632)); 
(2) women’s business centers (described under 
section 29 of such Act (15 U.S.C. 656)); 
(3) chapters of the Service Corps of Retired Ex-
ecutives (established under section 8(b)(1)(B) of 
such Act (15 U.S.C. 637(b)(1)(B))); and 
(4) Veteran Business Outreach Centers (de-
scribed under section 32 of such Act (15 U.S.C. 
657b)). 
(e) REPORT.—Not later than 6 months after the date 
of the enactment of this Act the Administrator of the 
Small Business Administration shall submit to Congress 
a report on compliance with the requirements of this Act. 
Æ 
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