Passage Of JOBS Act Adds To SEC's Rulemaking Burden

Law360, New York (April 6, 2012, 5:56 PM EDT) -- President Barack Obama signed the Jumpstart Our Business Startups Act into law on Thursday, and while some of the new statute's provisions took effect immediately, others will require rulemaking by securities regulators already well behind on their rules-to-write list.

The new law, a collection of measures designed to make it easier for small companies and startups to attract capital, automatically relaxed public reporting requirements for a new category of "emerging growth" companies — businesses with under $1 billion in annual revenue — in hopes of encouraging...
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