The deregulatory legislation that allows companies to be more active in their intent to raise money through crowdfunding was the:

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The JOBS Act, passed in 2012, allows companies to use crowdfunding as a means to raise capital without going through traditional methods such as IPOs. This deregulatory legislation makes it easier for small businesses and startups to access funding and bypass some of the restrictions and regulations previously imposed by the Securities and Exchange Commission (SEC).

The Deregulatory Legislation That Allows Companies to Be More Active