The U.S. Senate rejected a measure relaxing securities regulation for start-up companies Tuesday, prompting Sen. Jim DeMint, R-S.C., to criticize Democrats on the issue.
“It doesn’t cost taxpayers anything. It’s not a partisan issue,” he said. “It makes sense.”
The measure, backed by Democrats, would have added investor protections sought by advocacy groups and Securities and Exchange Commission Chair Mary Schapiro, according to Reuters.