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As it installs a new chairman on Friday, the Securities and Exchange Commission has succeeded in doing something that’s rare in Washington these days – generating bipartisan agreement.
Both Democrats and Republicans are now calling on the agency to speed up rule-making legislation – known as the Jobs Act – that passed earlier this year by strong majorities in the House and Senate.
The measure was designed to ease securities registration rules for fledgling small businesses. Proponents say that the changes will promote economic growth and create jobs. Skeptics warn that they will make investors vulnerable to fraud.
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