Bill designed to make it easier for startups to secure funding is a hot topic among state officials

A proposed bill meant to stimulate the state’s capital market is one step closer to becoming a reality. 

The Florida Office of Financial Regulation recently announced House Bill 779 was filed by State Rep. Joe Harding, R-Ocala. The bill reforms the current Florida Securities and Investor Protection Act, while promoting a capital market where small businesses can obtain capital much easier. It also creates a system that incentivizes entrepreneurs who spend time hiring the right teams and creating a solid mission for business, OFR Commissioner Russell Weigel III says.