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The senate plans to take up a new package of proposals to help small companies the house approved it with overwhelming bipartisan support.
But some senators worry it will hurt investors by.
Unfortunately the legislation.
At the house has sent to us which is promoted as a job creation bill is no such thing.
The name of job creation house bill -- severely weakened.
Investor and taxpayer protections.
In our security flaw.
The bill includes measures that would allow small firms to raise capital by going public more easily and that lower cost.
Another provision would lift the ban on -- -- from soliciting investors through advertising.
And there's a provision to allow more private investors up to 2000 of them to investing community banks without SEC registration.
President Obama supports provisions of the bill.
But wants lawmakers to find common ground by supporting the most effective aspects of the house bill while also improving it to ensure there are sufficient safeguards to prevent abuse and protect investors.
Major consumer public interest an investor groups are lobbying to toughen up key provisions of the legislation.
That's it for this edition of the small business report I'm Peter Barnes Fox Business Network.
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