Jobs Act 3.0 May End Dodd-Frank Repeal Efforts

Law360 (August 7, 2018, 4:29 PM EDT) -- The passage of the JOBS and Investor Confidence Act[1] in the U.S. House of Representatives on July 17 was no small feat for House Financial Services Chairman Jeb Hensarling, R-Texas, given that Congress had enacted a major banking deregulation bill just a few months ago. Jobs Act 3.0, as it is commonly called, is a compilation of 32 stand-alone bills aimed at improving capital formation and boosting initial public offerings. It is Rep. Hensarling’s follow-up to the Senate’s Economic Growth, Regulatory Relief and Consumer Protection Act, or EGRRCPA,[2] a bipartisan regulatory relief measure for small financial institutions enacted in May 2018. The...

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