House GOP Likes Plan to Ease SEC Rules

Republicans embrace proposal in Obama's jobs bill that would make it easier for closely held firms to raise money.

House Republicans have embraced at least one proposal in President Barack Obama’s jobs package: changing the rules to make it easier for closely held companies to raise money without going public.

Republicans have already lined up with hearings and bills to support expanding exemptions from U.S. Securities and Exchange Commission rules for companies trying to raise capital, and two lawmakers introduced legislation yesterday.

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