Full text copy of the Jumpstart Our Business Startups (JOBS) Act: To increase American job creation and economic growth by improving access to the public capital markets for emerging growth companies, introduced in December 2011 by Stephen Fincher (R – TN). The bill was presented to President Obama for signature on March 27, 2012.
From the New York Times: “The JOBS Act would designate a new category of ‘emerging growth’ companies that could conduct initial public offerings of stock while being exempt from certain financial disclosure and governance requirements for up to five years. It would also provide a new form of financing to small companies. Through crowd-funding, or the sale of small amounts of stock to many individuals, companies could solicit equity investments through the Internet or elsewhere, raising up to $1 million annually without being required to register the shares for public trading with the Securities and Exchange Commission.”
Please see full publication below for more information.
