1. Short title This Act may be cited as the Crowdfunding Amendments Act . 2. Crowdfunding vehicles (a) Amendments to the Securities Act of 1933 The Securities Act of 1933 ( 15 U.S.C. 77a et seq.) is amended— (1) in section 2(a) ( 15 U.S.C. 77b(a) ), by adding at the end the following: (20) The term crowdfunding vehicle has the meaning given the term in section 3(c)(15)(B) of the Investment Company Act of 1940 ( 15 U.S.C. 80a–3(c)(15)(B) ). ; (2) in section 4(a)(6) ( 15 U.S.C. 77d(a)(6) )— (A) in subparagraph (A)— (i) by inserting , other than a crowdfunding vehicle, after sold to all investors ; and (ii) by inserting other than a crowdfunding vehicle, after the issuer, ; and (B) in subparagraph (B), in the matter preceding clause (i), by inserting , other than a crowdfunding vehicle, after any investor ; and (3) in section 4A(f) ( 15 U.S.C. 77d–1(f) )— (A) in the matter preceding paragraph (1), by striking Section 4(6) and inserting Section 4(a)(6) ; and (B) in paragraph (3), by inserting by any of paragraphs (1) through (14) of before section 3(c) . (b) Amendments to the Investment Company Act of 1940 Section 3(c) of the Investment Company Act of 1940 ( 15 U.S.C. 80a–3(c) ) is amended by adding at the end the following: (15) (A) Any crowdfunding vehicle. (B) For purposes of this paragraph, the term crowdfunding vehicle means a company— (i) the purpose of which (as set forth in the organizational documents of the company) is limited to acquiring, holding, and disposing of securities issued by a single company in 1 or more transactions made under section 4(a)(6) of the Securities Act of 1933 ( 15 U.S.C. 77d(a)(6) ); (ii) that issues only 1 class of securities; (iii) that receives no compensation in connection with the acquisition, holding, or disposition of securities described in clause (i); (iv) no investment adviser or associated person of which receives any compensation on the basis of a share of capital gains upon, or capital appreciation of, any portion of the funds of an investor of the company