Bipartisan legislation aims to help start-ups
Thursday, March 08, 2012 2:11 PM
The U.S. House of Representatives is expected to overwhelmingly pass a bill today aimed at making it easier for small companies to grow and go public, CNNMoney reported.
The bill would ease certain rules that the Securities and Exchange Commission (SEC) enforces on small companies going through the process of becoming a publicly traded company. It would phase in SEC rules on companies with less than a billion dollars in gross revenues that go public, putting the rules into effect over five years instead of all at once.
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