By Cydney Posner

Here is a link to the House bill, the Private Company Flexibility and Growth Act referred to below and a write-up in The Wall Street Journal.  As indicated in the WSJ, one of the bill's authors is especially sanguine about its chances for passage: "The bill has bi-partisan support and should become law before the end of the year if it stays on track, Schweikert said. Other bills, including one to address the impact of Sarbanes-Oxley financial regulations on private companies, are coming, and a bill to update the Securities and Exchange Commission's Reg A rule is through sub-committee, he said. That bill would allow companies to go through a streamlined registration process for an IPO if they were offering up to $50 million in shares, rather than $5 million in shares, in an IPO."

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