SENATE PASSES SMALL BUSINESS INVESTMENT BILL

Finally the senate has passed a version of the House’s small business investment bill which combines six different bills into one. It’s good news for companies, especially start-ups, as it will allow companies to utilizing a Regulation D, Rule 506 offering to accredited investors, to advertise. This is a real deal changer for companies. Since it does not mirror the House’s version, either the House will have to re-vote on it or the House and Senate will have to negotiate a compromise.