Today, I received notice that the NVCA has formally rejected two parts of this lengthy-titled bill. (You just have to love the names they put on these bills). Don’t let your eyes glaze over – this bill, if enacted with currently wording could really hurt innovation in this country.As I previously wrote, Senator Dodd brought wants to repeal the existing federal preemption of state regulation over “accredited investor” securities offerings. This would end the uniform, national set of rules for financing start-ups.
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