A bill that would allow less red tape for startups seeking investments is gaining support in the Illinois House. The measure from Democratic Representative Carol Sente (SEN’-tay) would make certain levels of investments in startups exempt from filing and registration requirements, if they meet some conditions. Illinois News Network has more:
The measure was placed in the House Judiciary - Civil Committee with a possible hearing one of two days next week. House Bill 3429 currently has support from a bipartisan group of twenty-eight lawmakers.