He said his firm was picked to witness the signing because Rally Software is "an interesting company" that could benefit from the bill.

Miller has been considering an initial public offering for Rally Software, which makes agile application lifecycle management tools.

Rally is growing. It employs about 300 people and is adding about 75 employees a year.

The average paycheck of its workers is over six figures, said Miller.

A company the size of Rally Software going public is expensive, in large part because of Sarbanes-Oxley Act, or SOX, requirements. The internal controls provision requirements of SOX alone would cost the firm about $2.5 million, Miller speculated.