Senate Passes Small Business Investment Bill

The Senate passed a small business investment bill that would help startup companies raise capital by reducing some federal regulations. The bill combines six smaller bills that change Securities and Exchange Commission rules so small businesses can attract investors and go public with less red tape and cost. Senate Democrats did pass one amendment to increase investor protections, so the bill goes back to the House for another vote. The bill has rare bipartisan support. The House approved it two weeks ago. President Obama said he will sign it.