JOBS Act Makes Major Revisions to Securities Laws

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On March 27, 2012, the U.S. House of Representatives passed the Jumpstart Our Business Startups Act (JOBS Act), following with strong bipartisan support the U.S. Senate's March 22, 2012, passage of the JOBS Act. It is widely expected that President Obama will sign the act into law later this week.

The JOBS Act is intended to stimulate job creation and economic growth by improving access to the capital markets for emerging growth companies.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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