01 Apr JOBS Act Turns Five

Believe it or not the Jumpstart Our Business Startups (JOBS) Act was signed into law on April 5, 2012. A great example of how the legislators, working with an administrative agency, can bring meaningful and substantive positive change. Enacted in the heat of a Congressional election year, the bill passed the House by a whopping 390-23 and in the Senate by an impressive 73-26.

Then Pres. Obama enthusiastically signed the bill, saying, “Because of this bill, start-ups and small business will now have access to a big, new pool of potential investors — namely, the American people.  For the first time, ordinary Americans will be able to go online and invest in entrepreneurs that they believe in.” This is now happening.

From the new IPO on-ramp for emerging growth companies, confidential filings, new Regulation D 506(c) allowing publicly marketed private offerings, Title III crowdfunding getting going, and Title IV Regulation A+ already responsible for nearly $300 million in new capital raised and just getting started, JOBS is truly achieving its purpose. To make capital easier to access, while protecting investors, and letting companies grow and create valuable new jobs. Now more Congress, more!!!