JOBS Act
On March 9, in a rare display of bipartisanship, the House passed the Jumpstart Our Business Startups (JOBS) Act (H.R. 3606). The legislation, which passed 390 to 23, was introduced by Representative Stephen Fincher (TN-R), but contained many elements that originated with the White House. The JOBS Act incorporates six bills, four of which have passed the House already. Among other provisions, the legislation would: Create a new class of companies called “emerging growth companies” that would enjoy relaxed rules under the Securities and Exchange Commission (SEC). End an SEC ban on small company advertisements to solicit capital and allow the…
