House Panel Approves Bill Lifting Reg A+ IPO Limit To $75M
Law360, New York (November 16, 2017, 9:32 PM EST) -- A House of Representatives panel approved a bill Wednesday that would raise the limit on so-called Reg A+ offerings from $50 million to $75 million, a proposal that some securities attorneys say could broaden the appeal of the novel capital-raising method if it becomes law.
The House Financial Services Committee passed the "Regulation A+ Improvement Act of 2017" by a 37-23 vote, mostly along party lines with three Democrats joining unanimous Republicans. It wasn't immediately clear if and when the full House will take up the matter.
The bill, sponsored by Thomas MacArthur, R-N.J., increases by 50 percent the funding limit...
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