1. Short title This Act may be cited as the Unlocking Capital for Small Businesses Act of 2018 . 2. Safe harbors for private placement brokers and finders (a) In general Section 15 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78o ) is amended by adding at the end the following: (p) Private placement broker safe harbor (1) Registration requirements Not later than 180 days after the date of the enactment of this subsection the Commission shall promulgate regulations with respect to private placement brokers that are no more stringent than those imposed on funding portals, as defined in section 304 of the Jumpstart Our Business Startups Act of 2012. (2) National securities associations Not later than 180 days after the date of the enactment of this subsection the Commission shall promulgate regulations that require the rules of any national securities association to allow a private placement broker to become a member of such national securities association subject to reduced membership requirements consistent with this subsection. (3) Disclosures required Before effecting a transaction, a private placement broker shall disclose clearly and conspicuously, in writing, to all parties to the transaction as a result of the broker’s activities— (A) that the broker is acting as a private placement broker; (B) the amount of any payment or anticipated payment for services rendered as a private placement broker in connection with such transaction; (C) the person to whom any such payment is made