There's a Cash Windfall for Tech Workers Buried in Highway Bill
- Add-on could ease share sales for employees of private firms
- Measure comes as U.S.'s hot startups wait longer to go public
A Lobbying How-To Guide, Courtesy of Wall Street
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Employees at Uber Technologies Inc. and other private tech companies are poised to get a lot more out of an expansive highway bill moving through Congress than better roads between San Francisco and Silicon Valley.
An end-of-year ritual is playing out in Washington with lawmakers vying to attach unrelated measures to a big piece of legislation, in this case a plan to spend more than $300 billion to repair the U.S.’s deteriorating roads and bridges. One gift would deregulate trading of private shares, making it easier for workers to sell their stock to wealthy investors, as long as their employers don’t block the transactions.