House Adopts Obama-Backed Bill To Trim SEC Red Tape

Law360, New York (March 8, 2012, 3:43 PM EST) -- In a rare feat of bipartisanship, House lawmakers easily passed a package of bills Thursday that would reduce U.S. Securities and Exchange Commission registration requirements and other restrictions for small businesses and community banks and make it easier for them to go public, attract investors and hire workers.

Republicans heralded the measures, packaged in a bill called the Jumpstart Our Business Startups, or JOBS, Act, as a key step towards removing regulatory hurdles facing small and emerging businesses. The bill received broad support from Democrats as...
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