More Fundraising Changes Afoot?

I have chronicled in the past months several potential important changes to the laws and rules affecting small businesses raising investment capital. It seems as if there is a new proposal put forth every few months lately. One of the latest: In early March, the U.S. House of Representatives passed a bill to raise the upper limit on how much a company can raise without registration from the current $5 million to a new figure of $50 million. The bill must pass muster in the Senate and then be signed by the President to become law, of course. The SEC is doing its best to maintain its stranglehold over your activities, however, with Chairwoman Shapiro sending a letter to senators coming out strongly against the change.