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Friday, March 16, 2012

Start-up and Tech Companies Urge Passage of Jobs Package

A group of leaders of US start-up and high tech companies wrote to the Senate urging passage of the House-passed jobs package. The package includes an ABA-supported bill to increase the threshold for SEC registration from the current 500 shareholders to 2,000 shareholders for financial institutions. The companies leaders wrote:
While we do not believe there is one silver bullet to solve the capital markets crisis, progress in the right direction can and must be made. Allowing smaller companies access to the public markets with some measure of relief from many of the regulatory burdens intended for larger entities, will help pave the path towards more IPOs and ultimately more U.S. jobs.
Read the full letter.

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