A bill backed by a Morrisville businessman and Republican that would help entrepreneurs raise money through “crowdfunding” could be approved by the N.C. House today.

N.C. House Bill 680, call the bill the “North Carolina JOBS Act,” is up for consideration by the House, says WRAL.com’s Mark Binker.

The bill passed the House finance committee on Wednesday.

“If it passes on the floor, the bill would go to the Senate for consideration,” Binker says. 

Rep. Tom Murry, a businessman in Morrisville and a Republican, is pushing the legislation that he and backers say would help entrepreneurs raise money while the SEC wrestles with implementation of the Jumpstart Our Business Startup Act (or JOBS Act) that was passed last year.

“You’re talking about a mom and pop type of operation using a web based platform to raise capital and small investment,” Murry said recently at the General Assembly.

The legislation recently passed the House Commerce committee.

The Research Division of the General Assembly sums up the bill this way:

“House Bill 680 allows certain North Carolina businesses to raise funds by the sale of securities under certain circumstances by exempting the businesses from the registration and filing requirements of the North Carolina securities law.”

In other news, a plan to reorganize the N.C. Department of Commerce also advanced Wednesday.

A newly created nonprofit would be in charge of recruiting businesses to the state under the bill that cleared the House Commerce Committee Wednesday.

The measure is a rewritten Senate Bill 127 that now carries out the reorganization of the Commerce Department first pitched by Gov. Pat McCrory earlier this year.

WRAL’s Binker has the details.