House Panel OKs Bills To Help Private Cos. Raise Capital

Law360, New York (October 27, 2011, 12:35 PM EDT) -- A key U.S. House of Representatives committee on Wednesday passed a package of bills it says will loosen existing U.S. Securities and Exchange Commission restrictions and make it easier for privately held companies to access capital.

The House Financial Services Committee passed with bipartisan support a series of bills that would pull back SEC rules governing how much equity capital firms can access without being forced to go forward with an initial public offering.

Access to capital will allow small companies to begin hiring and ease...
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