Newport Board Group, the first national professional services firm of business advisors, serves emerging growth companies. We support public awareness of the role these companies play in stimulating jobs growth.
A series of bi-partisan bills proposed in the Congress were recently pulled together into a single bill called The JOBS (Jumpstart Our Business Startups) Act, which passed the House early in March. The legislation is the culmination of work by prominent entrepreneurs like Steve Case of Startup America and Barry Silbert of SecondMarket, among others.
Some of the highlights of the legislation include reducing SOX overhead for emerging growth companies to help make it easier and more affordable to go public; enabling “crowdfunding;” expanding the shareholder registration requirement from 500 to 1000 and raising the SEC exemption threshold from $5M to $50M, among other measures. The goal of the legislation is to reduce the overhead on raising capital at the earlier stages of a company’s life.
Newport Board Group urges everyone interested in this issue to learn more from the following non-partisan sources of information:
https://twitter.com/#!/search/realtime/jobsact
http://www.washingtonpost.com/politics/house-passes-jobs-bill-with-wide-bipartisan-margins/2012/03/08/gIQAEi6lzR_story.html
http://www.washingtonpost.com/blogs/2chambers/post/congresss-new-favorite-four-letter-word-jobs/2012/03/06/gIQAGPzexR_blog.html
