Monthly Archives: March 2012

Facebook Password Amendment Defeated by House

On Wednesday, the Amendment to a larger FCC reform package that would have banned current or prospective employers from demanding employees to hand over personal passwords To Facebook was defeated. The amendment was voted down 236 to 184. As PC … Continue reading

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Senate Passes JOBS Act- But With Revisions

Today, the Senate passed the JOBS Action in a 73 to 26 vote. An amendment to increase investor protections in the crowdfunding section of the bill, Amendment 1884, also passed revising some provisions. The Amendment increases restrictions on the money … Continue reading

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SEC Orders DTC to Provide Notice and Hearing for Suspensions

On March 15, the SEC ruled In the Matter of the Application of International Power Group, Ltd. for review of action taken by Depository Trust Company (“DTC”). International Power Group, Ltd. (“IPWG”) appealed a decision of DTC to suspend indefinitely … Continue reading

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New Website for Small Businesses: Business USA

In February, the Obama Administration launched a new online platform to help small businesses seeking information about available federal programs. The site, is still in “beta” but they are adding new features and content regularly. The site provides information … Continue reading

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Small Business Capital Formation Committee Submits Comments on the Proposed Model Crowdfunding Exemption

This week, the Small Business Capital Formation Committee of the Business Law section of the ABA submitted their proposals on the three bills currently in front of Congress regarding Crowdfunding.  The committee is composed of business lawyers advising early-stage business … Continue reading

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