On April 5, 2012, President Obama signed into law the “Jumpstart Our Business Startups Act” (the JOBS Act), which previously was approved overwhelmingly by Congress. The JOBS Act consists of a package of bills intended to make it easier for smaller companies to raise public and private capital in the U.S. financial markets.
Among the most significant provisions in the JOBS Act is the creation of a new category of issuers called “emerging growth companies” that would be exempt from certain regulatory requirements for a limited period of time in an effort to encourage them to go public in the United States.
The JOBS Act also includes other measures intended to ease private capital formation.
The attached Memorandum provides a summary of the JOB Act's more significant provisions. We are happy to discuss any aspect of the JOBS Act with you in detail.