The AGREE Act

http://www.futureofcapitalism.com/2011/11/the-agree-act

Senator Marco Rubio, Republican of Florida, and Senator Chris Coons, Democrat of Delaware, have together introduced the American Growth, Recovery, Empowerment and Entrepreneurship Act, or AGREE Act. The bill builds on both Cost-Free Job-Creating Idea No. 27, "Fix immigration in a way that opens the door wider to more legal immigrants" and Cost-Free Job-Creating Idea No. 5, "Repeal the regulatory burdens of Sarbanes Oxley for all companies with less than $1 billion in sales, and index that number to inflation."

More precisely, the bill would "Eliminate the per-country numerical limitation for employment-based immigrant visas and adjusts the limitations on family based visa petitions from 7% per country to 15%" and "Provide a five-year exemption from Section 404(b) of Sarbanes-Oxley for the first five years of a company going public, or for those below $250 million in total gross revenue (whichever comes first)." Section 404(b) has to do with external audits of internal financial controls.

by Editor  |  Nov 15, 2011 at 11:56 am Related Topics:  Capital Markets Regulation, Immigration receive the latest by email: subscribe to the free futureofcapitalism.com mailing list