President Obama is throwing his political weight behind a number of entrepreneur-friendly initiatives, including boosting the existing $5 million Reg A offering limit 10 fold to a total $50 million. According to the Washington Post:
One of the Obama provisions would increase the amount of money that can be raised through small public offerings that don’t require companies to undergo an extensive Securities and Exchange Commission registration process. The limit for such “mini public offerings” would increase from $5 million a year to $50 million.
This move is not surprising, as Reg A’s existing limit has been the subject of much prior discussion. President Obama’s suggested upward revision to $50 million, however, is aggressive on the upward side, and will likely be welcomed by a Congress anxious to help out ailing small businesses.