House Passes Bills Easing Small Co. Fundraising Rules

Law360, New York (November 4, 2011, 1:46 PM EDT) -- The U.S. House of Representatives on Thursday passed two bills in broad, bipartisan fashion that would require the U.S. Securities and Exchange Commission to ease existing restrictions and make it easier for small, privately held companies to access capital.

The bills would allow small, private companies to engage in so-called crowdfunding to raise capital from a broad pool of investors and allow for companies to advertise investment opportunities, both of which are currently banned by the SEC.

“These bills will lower regulatory barriers and help small...
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