On October 26th, the House Financial Services Committee passed H.R. 2167, the Private Company Flexibility and Growth Act, which would increase the total assets threshold from $1 million to $10 million, and the class of equity security holders of record threshold from 500-750 to 1,000 persons before companies would be required to register with the SEC. The Committee also passed H.R. 1965, which would, among other things, make it easier for a bank to remain private, and make crowdfunding easier.