JOBS Act becomes Law; SEC to Propose and Adopt Several Regulations

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On April 5, 2012, the Jumpstart Our Business Startups ("JOBS") Act became a law. This Act has broad reaching implications on how companies raise capital in private and public offerings. The Act, among other things, permits most companies who complete IPO's to provide condensed disclosure in their IPO and for several years thereafter, increases the limit of Regulation A offerings up to $50 million, provides for "general solicitation" in Rule 506 offerings for accredited investors and institutional investors, and allows "Crowdfunding" for small issuers of up to $1 million every 12 months.

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