Congress wraps up its work for the year this week as the Senate takes up the two-year budget agreement that passed the House on a strong 332-94 vote.
This update reviews:
- Recent SEC guidance on the "bad actors" rule which makes clear that portfolio companies are not considered "affiliated issuers" in Rule 506 offerings;
- Approval of the Volcker Rule by five federal agencies;
- The Association for Corporate Growth's 2014 Policy Summit, taking place on February 5, 2014; and
- The SEC's 2014 Compliance Outreach seminar, taking place on January 30, 2014.
This will be my last Private Fund Update for the year. If there are ways that I can make these updates more relevant for you, please let me know by emailing me at [email protected] or calling me at 202.344.4426.
Finally, please be aware that Venable provides a broad range of services for private equity funds, including, but not limited to, legislative and regulatory work.
The House passed the two-year budget agreement negotiated by Senator Murray (D-WA) and Congressman Paul Ryan (R-WI)... (click to continue reading).
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