House File 632 H-1221 Amend House File 632 as follows: 1 1. By striking page 1, line 35, through page 2, 2 line 4, and inserting < and accessible by the general 3 public. “Intermediary” also means an entity registered 4 with the administrator as an Iowa crowdfunding portal. > 5 2. Page 2, after line 9 by inserting: 6 < (3) “Iowa crowdfunding portal” means an entity 7 incorporated or organized under the laws of this state, 8 authorized to do business in this state, and engaged 9 exclusively in intrastate crowdfunding offers and 10 sales of exempt securities in this state through an 11 internet site and which does not operate or facilitate 12 a secondary market in securities. > 13 3. Page 15, by striking lines 4 through 19. 14 4. Page 19, line 17, by striking < may > and 15 inserting < shall > 16 5. By renumbering as necessary. 17 ______________________________ PETTENGILL of Benton -1- HF632.1483 (3) 86 av/nh 1/ 1 #1. #2. #3. #4. #5.