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Private stock bill could become law by year-end

June 15, 2011/

Earlier today, Fortune reported that Rep. David Schweikert (R-AZ) will introduce legislation that would give private companies much more flexibility over their own future. Specifically, it would effectively eliminate SEC regulations that can compel private companies to go public, once they have distributed shares to a certain number of people.

By Dan Primack

Full Story: http://finance.fortune.cnn.com/2011/06/14/congressman-private-stock-bill-could-become-law-by-year-end/

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