Issuers will now have a menu of options when deciding what type of offering they want to conduct and what exemption from securities registration they want to use.

如今，发行人可以选择提供什么样的筹资类型，以及通过什么方式豁免证券登记审批。

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Institutional investors to buy in the securities of foreign companies through the exemption of registration procedures.

通过豁免注册手续，144a条例显著提高了美国机构投资者买入外国公司证券的机会。

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Investors obtained through the crowdfunding exemption do not count toward investor limits imposed by other securities laws (such as the limit on the number of stockholders can have before being considered a de-facto public company).

FORBES: What Does The Crowdfunding Bill Mean For Women Entrepreneurs?

They will miss the comfortable refuge from default risk, the wealth of noncallable issues, the exemption from state income tax and the dependable benchmark that corporate bond issuers use to price their securities.

FORBES: Treasurys, The Endangered Species