First off, it defines an "emerging growth company" as anything with less than $1 billion gross yearly revenue. You all have heard of Netgear? Emerging growth company.
And then it exempts such a company from reporting requirements, shareholder approval of executive compensation, shareholder approval of severance packages, certain auditing requirements, and even conflict-of-interest provisions.
In my non-expert opinion it looks more like it's trying to make the first dotcom bubble look like a period of sanity and sobriety.
http://www.govtrack.us/congress/bill.xpd?bill=h112-3606&...
First off, it defines an "emerging growth company" as anything with less than $1 billion gross yearly revenue. You all have heard of Netgear? Emerging growth company.
And then it exempts such a company from reporting requirements, shareholder approval of executive compensation, shareholder approval of severance packages, certain auditing requirements, and even conflict-of-interest provisions.
In my non-expert opinion it looks more like it's trying to make the first dotcom bubble look like a period of sanity and sobriety.