On April 5, 2012, President Obama signed into law the Jumpstart Our Business Startups Act (“JOBS Act”). The JOBS Act eases the SEC-registered IPO process for “emerging growth companies” (“EGCs”) and will alter the private offering process under Rule 144A and Regulation D of the U.S. Securities Act of 1933, as amended.  The JOBS Act contains a number of key changes that will facilitate U.S. IPOs by foreign private issuers ("FPIs") that are EGCs in the SEC-registered deal context and offerings by FPIs generally in the non-SEC-registered deal context.  Such benefits should add to the attractiveness of the U.S. capital markets.