Promoting Job Creation and Reducing Small Business Burdens Act

New House Bill Aims to Reduce Some Dodd-Frank Regulatory Burdens

On January 14, 2015, the U.S. House of Representatives passed a bill that loosens certain Dodd-Frank requirements and reduces the scope of the SEC’s regulatory authority over certain private equity firms, small businesses, and emerging companies. The bill is part of a larger fight between Democrats and Republicans over the scope of Dodd-Frank and government oversight over financial institutions generally.

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