{"id":5299,"date":"2012-03-13T00:00:00","date_gmt":"2012-03-13T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2012\/03\/as_the_us_house_passes_package"},"modified":"2022-04-28T12:30:01","modified_gmt":"2022-04-28T17:30:01","slug":"as-the-us-house-passes-package","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/as-the-us-house-passes-package\/","title":{"rendered":"As the US House Passes Package of Bills to Open Capital Market Flow to Small Businesses, the Senate Prepares Similar Legislation"},"content":{"rendered":"

It\u2019s been less than one week since US House passed a package of six bills that would open up capital flow to small businesses. Now, it is the Senate is preparing to introduce its own version of legislation to assist small businesses in raising capital. Both Republican and Democrat senators are expected to work together to push forward the bills package, which would ease up the restrictions of SEC regulations to attract investors and help out startups and small businesses.<\/p>\n

The legislation, which made it through the House by a 390-23 vote, has President Barack Obama\u2019s support. Called the Jumpstart Our Business Startups Act (H.R. 3606), the bills would allow crowdfunding (this involves raising capital from a bigger pool of small-scale investors that the Commission has not classified as \u201caccredited.\u201d), increase the shareholder reporting trigger for all community banks and companies, set up an initial public offering \u201con-ramp\u201d for emerging growth companies, increase the Regulation A offering cap to $50 million, and eliminate the general solicitation ban.<\/p>\n

The House also approved several amendments to the package. Among these was one that would up the shareholder threshold for all firms to $2,000. The original bill had only increased the threshold to 1,000. Per the amendment, only 500 shareholders under the 2,000 limit can be non-accredited. Another amendment mandates that the Securities and Exchange Commission conduct a study regarding whether it can enforce the Exchange Act\u2019s Rule 12g5-1.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

It\u2019s been less than one week since US House passed a package of six bills that would open up capital flow to small businesses. Now, it is the Senate is preparing to introduce its own version of legislation to assist small businesses in raising capital. Both Republican and Democrat senators are expected to work together […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3740,3761],"tags":[2542],"class_list":["post-5299","post","type-post","status-publish","format-standard","hentry","category-miscellaneous","category-securities-and-exchange-commis","tag-securities-legislation"],"yoast_head":"\nAs the US House Passes Package of Bills to Open Capital Market Flow to Small Businesses, the Senate Prepares Similar Legislation — Investor Lawyers Blog — March 13, 2012<\/title>\n<meta name=\"description\" content=\"It\u2019s been less than one week since US House passed a package of six bills that would open up capital flow to small businesses. Now, it is the Senate is — March 13, 2012\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/as-the-us-house-passes-package\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"As the US House Passes Package of Bills to Open Capital Market Flow to Small Businesses, the Senate Prepares Similar Legislation — Investor Lawyers Blog — March 13, 2012\" \/>\n<meta name=\"twitter:description\" content=\"It\u2019s been less than one week since US House passed a package of six bills that would open up capital flow to small businesses. 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