On March 27, 2012, Congress passed the Jumpstart Our Business Startups (JOBS) Act, a bipartisan effort in both the House and the Senate to ease the regulatory burdens on smaller companies and facilitate capital formation. President Obama signed the legislation into law on April 5, 2012.
Among other things, the JOBS Act creates a transitional "on-ramp" for a new category of issuer, emerging growth companies, to encourage them to pursue IPOs. It also includes a measure that amends the Securities Act of 1933 to permit companies to conduct offerings to raise up to $50 million through a "mini-registration" process similar to Regulation A.
We have created this site to cover the Act's key provisions in further detail through our client alerts, multimedia presentations and other resource links found below. Please also visit our blog at mofojumpstarter.com, which provides current updates and commentary related to the Act.