
Washington: Bipartisan support is growing to allow private companies to quickly tap thousands of small investors through a strategy called "crowdfunding." The Obama administration and Republican lawmakers have drafted legislation that would let investors take small stakes in private startups over the Internet, touting it as a way to supercharge job growth and innovation. The US Securities and Exchange Commission is also considering revamping its offering rules, but is taking...

03:21 PM, Sep 16, 2011