The JOBS Act: Implications for Capital Markets Professionals, Pre-IPO Companies and Private Offerings
On March 22, 2012, the Senate passed the Jumpstart Our Business Startups Act (the “JOBS Act”), in substantially the same form passed by the House of Representatives on March 8, 2012, amending only the portions of the bill relating to $1-2 million “crowdfunding” offerings in order to address investor-protection concerns. The JOBS Act will now return to the House for approval as early as tomorrow, at which point it will only need President Obama’s signature to become law.
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