JOBS Act — A Game Changer For Emerging Growth Cos.
Law360, New York (April 06, 2012, 4:21 PM ET) -- President Obama has now signed into law the Jumpstart Our Business Startups Act (H.R. 3606). Many of the provisions of the JOBS Act take effect immediately without further rulemaking by the U.S. Securities and Exchange Commission or other agencies. This bipartisan legislation is designed to stimulate job growth by making it easier and less costly for smaller companies to raise capital in the United States through a loosening of regulatory restrictions applicable to private offerings, initial public offerings and certain newly public companies.