In an election-year maneuver aimed at letting private businesses tap into public markets without the usual regulatory oversight, the Senate passed the JOBS (Jumpstart Our Businesses Startups) Act on Thursday, 73-26. The catch: senators did include amendments to rein in “crowdfunding,” which means the House must vote again on the amended bill.

After a vote of 73-26, the Senate attached an amendment to the House bill to rein in provisions for “crowdfunding,” or raising small amounts of capital from large numbers of investors. That means the House must take another look at the bill before President Obama can finalize it with his promised signature.

Sponsored by Sen. Jeff Merkley (D-Ore.), the amendment would require companies looking to raise capital via crowdfunding to provide at least some minimal certification of financial information along with registration for funding portals that would be streamlined compared with current broker and dealer registration. It also contains some investment caps meant to protect unsophisticated investors from gambling too much of their meager assets or income.

As passed by the Senate, the bill affirms a significant rollback in regulatory requirements meant to protect investors. It defines an “emerging growth company” as one with less than $1 billion in revenue or less than $700 million in public float and enables such companies to file only two years worth of financial data instead of three for their first five years as a public company. It also exempts such companies from an audit of internal control over financial reporting, from say-on-pay votes, and from some executive compensation reporting.