Small biz bill goes to Obama after House OK
March 27th, 2012
02:38 PM ET
3 years ago

Small biz bill goes to Obama after House OK

Washington (CNNMoney) - The House on Tuesday passed a bill making it easier for more companies to become publicly traded by bypassing audits and disclosures now required for investors.

The House voted 380-to-41 to pass the bill, which the Senate passed last week. The passage sends the bill to President Obama, who has indicated support.

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Filed under: Congress • House • President Obama
soundoff (17 Responses)
  1. Truth and Nothing But the Truth

    The Senate passed a bill?????!!!!!!!!!!!!!!!! Did Harry Reid die or just have a brief moment of lucidity? Is this the first or second bill he allowed a vote on this year? When the Republicans control the Senate, FAR MORE will get done to get the country moving and back to work.

    March 27, 2012 02:41 pm at 2:41 pm |
  2. Orchid333

    The House passed a bill?????!!!!!!!!!!!!!!!! Did John Boenher die or just have a brief moment of lucidity? Is this the first or second bill he allowed a vote on this year? When the Democrats control the Senate, FAR MORE will get done to get the country moving and back to work.

    Exactly.

    March 27, 2012 02:54 pm at 2:54 pm |
  3. Orchid333

    The House passed a bill?????!!!!!!!!!!!!!!!! Did John Boenher die or just have a brief moment of lucidity? Is this the first or second bill he allowed a vote on this year? When the Democrats control the House, FAR MORE will get done to get the country moving and back to work.

    Exactly.

    March 27, 2012 02:57 pm at 2:57 pm |
  4. GROVER NORQUIST IS A ENEMY OF THE STATE

    "My first advice is to listen to reason when they formulate their positions. Reason never harmed a presidential candidate," Medvedev said. "My other advice is to check their watches from time to time: it is 2012, not the mid-1970s."

    March 27, 2012 02:58 pm at 2:58 pm |
  5. Wire Palladin, S. F.

    Truth – The senate passed the bill 2 weeks ago. It was the low lifes in the house who held it up.

    March 27, 2012 03:24 pm at 3:24 pm |
  6. Truth and Nothing But the Truth

    "My first advice is to listen to reason when they formulate their positions. Reason never harmed a presidential candidate," Medvedev said. "My other advice is to check their watches from time to time: it is 2012, not the mid-1970s.
    =========================================================================================

    Russian translation: "Hey don't criticize my little American puppet called Obama! He gives me everything I want and it costs me nothing. Obama good man that help Mother Russia like one of his own."

    March 27, 2012 03:25 pm at 3:25 pm |
  7. Wire Palladin, S. F.

    When there are only a few obstructionists left in the house after the election sweep by democrats this fall, the work of the people will finally get done.

    March 27, 2012 03:26 pm at 3:26 pm |
  8. Truth and Nothing But the Truth

    Orchid333 - When the Democrats control the Senate
    =============================================
    They already do moron. If you're going to plagarize, learn how to do it right!

    March 27, 2012 03:27 pm at 3:27 pm |
  9. Wire Palladin, S. F.

    Truth – You really need to read the posts before you give it your Fox foreign news with a hint of Saudi talking points, you moron.

    March 27, 2012 03:31 pm at 3:31 pm |
  10. Wire Palladin, S. F.

    Orchid333 – Once again you are correct, and truth shows he is incapable of reading and comprehending.

    March 27, 2012 03:33 pm at 3:33 pm |
  11. Wire Palladin, S. F.

    CNN – Are you posting 'Truths . . . ' rants to show everyone how out of touch he has become?

    March 27, 2012 03:35 pm at 3:35 pm |
  12. Truth and Nothing But the Truth

    Wire Palladin, S. F. - the work of the people will finally get done.
    ====================================================
    The People did their work in the 2010 election to STOP Obama and the Democrats. The People will do their work again in the 2012 election to get RID of Obama and the Democrats in the Senate.

    The country WILL be put back on the path to greatness again and the slow decline into socialism will end.

    March 27, 2012 03:36 pm at 3:36 pm |
  13. Rick from Florida.

    Of the house passed this Bill....it soften regualtion on taking a business public. Here again this wasnt the jobs bill suggested by the Prez. What this is and will only do is allow equity firms to take over private companys issue ipo's and dump a lot of crap on the stocks and bonds market. You people just do t get it. Companys build the middle class not corporations. This bill will come back to bit a lot of people in the ass!

    March 27, 2012 03:37 pm at 3:37 pm |
  14. Jean Sartre - Milwaukee, WI

    This bill should NOT pass and it should NOT be signed into law by President Obama!

    About the only real thing this law does s deregulate the IPO of any company; we are going back to pre-wall street regulation time ALREADY, and it is only 3 years since the greatest recession, ever!

    Swampland simply NEVER learns...

    March 27, 2012 03:39 pm at 3:39 pm |
  15. Wire Palladin, S. F.

    Truth – the 2010 elections were a result of people staying home. I think the republican war on social security and medicare, the war on women, the war on workers, and the wars with Iraq and Russia that the GOP is promising will send baggers back underground.

    March 27, 2012 03:44 pm at 3:44 pm |
  16. Four and The Door

    This is a very good step in the right direction. Get government out of the way of the success of American businesses. Next they need to bring tax rates down to create a level playing field for American companies in the global economy. Then stand back and watch American businesses grow and create jobs.

    March 27, 2012 03:48 pm at 3:48 pm |
  17. Rudy NYC

    The House on Tuesday passed a bill making it easier for more companies to become publicly traded by bypassing audits and disclosures now required for investors.
    ----------------------
    A fool and his money are soon parted.

    If I owned a company with large debts, I would spin off a company that contained as much of the debt as I could. Since there will be no audits, I would have an IPO, take the sucker's money, pay my bills, and file for bankruptcy. But, if it turned into a cash cow, then I would keep it around for as long as laid those golden eggs.

    March 27, 2012 04:08 pm at 4:08 pm |