by Cydney Posner
Reuters reports: “In a show of Congressional bipartisanship, the House of Representatives voted 359 to 65 to send the $305 billion legislation [the FAST Act] to the Senate. It is widely expected to be approved and forwarded to the White House for President Barack Obama’s signature before a temporary funding measure expires on Friday. All 65 ‘no’ votes came from Republicans, including lawmakers opposed to the EXIM bank measure.”
As discussed here and here, this transportation bill contains several measures that modify the JOBS Act or otherwise relate to capital raising for emerging growth companies, disclosure modernization, the development of secondary markets and the registration process for smaller companies.