House Passes Measure to Ease SEC Registration Woes

Soon small businesses may not have to worry about expensive Securities and Exchange Commission registration fees.  The House passed a bill yesterday that will make raising capital easier for small businesses.

The bill raises the ceiling to $50 million for shares a private company can sell before having to register with the SEC.  The current ceiling, set in 1992, is $5 million.

According to Arizona Representative David Schweikert there is, “Almost a crisis … in the number of companies that aren’t going public anymore.”

The bill, along with one easing the registration restraints on community banks, will now go to the Senate.

Many small businesses worry about the $5 million ceiling on shares they can sell before facing costly SEC registration fees.  Legislators hope raising the ceiling will encourage economic growth.

Advertisements

About BizTV

BizTV is the home for your business. Whether you're an entrepreneur, small business owner or just managing your family's assets, BizTV can help. Find the resources you need to manage your money, start your latest venture or grow your business. BizTV, It’s Your Biz!

Posted on November 3, 2011, in Uncategorized. Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: