Score one for entrepreneurs: Legislation to make it easier for growth companies to raise capital cleared a procedural hurdle in the U.S. Senate today.
The Senate voted 76-22 to limit debate on the Jumpstart Our Business Startups Act, easily clearing the 60-vote mark needed to move the bill forward. This vote came the day after the Senate blocked a Democratic alternative to this bill. The JOBS Act passed the House by a 390-32 margin March 8.
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