Crowdfunding Bill Allowing Stock Sales in Senate

MADISON, Wis. (AP) -- Wisconsin businesses would be allowed to sell stock online under a bill up for a vote in the state Senate.

The measure in the Senate on Tuesday would let businesses use a model popularized by online crowdfunding sites like Kickstarter.

On those sites, the public can donate money to help finance projects. The bill would allow Wisconsin investors to purchase stock and equity in a business.

Supporters say the measure is a good way to help small businesses succeed at no cost to the state. The bill passed the Assembly last week unanimously.

Once it clears the Senate, it heads to Gov. Scott Walker.

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