Kyle
The “Jump Start Our Business Start Ups” or JOBS Act, flew through the senate Thursday. The bill will allow fundamental changes in how small companies are able to raise money. The version of the bill that passed through the senate today has some changes from the bill that recently passed through the house, that means this bill will have to be reconciled with the original. Either way this is a big victory for start-ups, venture capitalists and angel funds.
Under the provisions of this ball, smaller, emerging companies can raise up to $1 million dollars in a period of up to five years to private investors without making the investors subject to disclosure regulations that normally affect publicly traded companies.
More after the break
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