The House Financial Services Committee has unanimously approved a bi-partisan piece of legislation that would build on and expand the 2012 Jumpstart Our Business Startup, or “JOBS,” Act, Wolters Kluwer Law & Business principal analyst James Hamilton reports.

Introduced by Rep. Stephen Fincher (R-Tenn.) and Rep. John Delaney (D-Md.), the “Improving Access to Capital for Emerging Growth Companies Act,” would make improvements to the initial public offering process for emerging growth companies.