[authors: Jacob D. Babcock, Christopher C. Cain, Kevin M. Shuler]
On March 8, 2012 the U.S. House of Representatives passed the Jumpstart Our Business Startups (JOBS) Act. The stated purpose of the JOBS Act is to increase U.S. job creation and economic growth by improving access to the public capital markets for emerging growth companies. The JOBS Act seeks to reduce securities law burdens on start-ups and small businesses to make capital more accessible.

The House bill passed with a 390 to 23 vote and is supported by President Obama and his administration. While the bill needs to pass the Senate before it can become law, the strong showing of bipartisan support and momentum seem to indicate that a law resembling the House bill will be passed in the coming months.