OH HB593

Creates an "OhioInvests" intrastate equity crowdfunding exemption allowing Ohio-based companies to raise up to $5 million per year exclusively from Ohio residents through registered online portals.

Establishes requirements for "OhioInvests issuers" including principal office in Ohio, 80% of assets and revenues in-state, and prohibition on limiting liability for fraud or misrepresentation.

Requires "OhioInvests portals" to verify purchaser residency, provide detailed disclosure documents, obtain investor certifications acknowledging high-risk nature of investments, and hold funds in escrow until minimum offering amount is reached.

Imposes strict disqualifications on issuers and affiliated parties based on criminal convictions, regulatory orders, and fraud findings within specified timeframes (5-10 years).

Authorizes community improvement corporations and port authorities to act as portal operators for OhioInvests offerings and specifies registration, disclosure, and operational requirements for portal operators.