Recently Proposed Legislation Adopts IPO Task Force Recommendations

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On December 1, 2011, Senators Charles Schumer and Pat Toomey introduced a bill designed to improve emerging-growth companies' access to public capital markets. The bill, known as the "Reopening American Capital Markets to Emerging Growth Companies Act," tracks many of the recommendations made by the IPO Task Force — a working group of venture capitalists, CEOs, public investors, securities lawyers, academics, and investment bankers—in its presentation to the U.S. Department of the Treasury. Wilson Sonsini Goodrich & Rosati's CEO, Steve Bochner, was a member of the IPO Task Force.

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Published In: Administrative Agency Updates, Energy & Utilities Updates, Environmental Updates, Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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