House Passes 'Jobs Act 3.0' To Spur Capital Formation

Law360 (July 18, 2018, 8:57 PM EDT) -- The House of Representatives late on Tuesday passed legislation dubbed the “Jobs Act 3.0,” combining 32 bills into one package that some capital markets attorney say makes modest strides toward improving capital formation.

The bill, called the JOBS and Investor Confidence Act of 2018, contains various components that have either passed the full House or passed the House Financial Services Committee since 2017. The repackaged bill, co-sponsored by Rep. Jeb Hensarling, R-Texas, who called the bill the “Jobs Act 3.0,” and Maxine Waters, D-Calif., passed the House by a 406-4 vote and now moves to the Senate.

The bill comes six...

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