I got a few emails asking if I can congeal the five part
blog summary of the "JOBS" bill passed by the US House into one. Below is the
meat of the bill without comment. As an update, it appears the bill is facing
growing political opposition from the left, although President Obama supports...
On Thursday afternoon, the US Senate passed the Jumpstart
Our Business Startups Act, a bill designed to make it easier for small
companies to raise capital. The centerpiece of the legislation is the
crowdfunding provision. However, the Senate passed an amendment to that section
of the legislation...
As the 1990s drew to a close Congress passed legislation
signed by the President ensuring the deregulation of the derivatives markets.
At the time CFTC Chairwoman Brooksley Born was one of the sole voices of
dissent. Less than ten years that dissent proved prophetic as the most severe
On March 22, 2012, the Senate passed the Jumpstart Our
Business Startups (JOBS) Act by a vote of 73-26. The House of Representatives
passed the JOBS Act on March 8, 2012 by a vote of 390-23. The Senate bypassed
its typical committee process to rush the bill to a floor vote. Legislators in
As we know, the Senate changed the version of the
Jumpstart our Business Startups (JOBS) Act in only one way, they added an
amendment, drafted by Sen. Merkley (but also supported by Sens. Bennet and
Brown), which added more investor protections to the "crowdfunding" section of
The Jumpstart Our Business Startups Act, as amended by
the Senate, was voted on by the House of Representatives yesterday and passed
380 to 41. That makes it a very bi-partisan bill, even though a ll 41 "Nays" were
Democrats . If I remember my Schoolhouse Rocks song
This last week, the Senate passed the " JOBS
Act ," leaving it one step away from final passage by Congress and Signature
by President Obama. The JOBS Act contains a number of provisions which
are aimed at reducing the securities compliance burdens of small companies and
startups. One of...
Private funds will be able to advertise and solicit for
investor, provided all of the investors are " accredited
investors ." The Jumpstart
Our Business Startups Act will dramatically change the way capital raising
for private funds operates.
The drawback is the loss of 35 non-accredited...
On March 27, 2012, the U.S. House of Representatives
passed the Jumpstart Our Business Startups Act (of the JOBS Act as it is more
popularly known). President Obama is expected to sign the Act shortly. The Act
is intended to facilitate capital-raising by reducing regulatory burdens. The
Very recently the SEC published its final report on the
SEC Government-Business Forum on Small Business Capital Formation from the
November 17, 2011 event, which I attended in DC. Participants breathlessly
await this report each year to see what recommendations make the hot list for
In this part II, let's hit some key recommendations from
the SEC Small Business Forum that did not make it into the JOBS Act and
that advocates are still hoping will get some attention:
"finders" in M&A and private offerings to have a simplified
On March 22, 2012 Washington, DC, "Jumpstart Our Business
Startups" (JOBS) Act was passed by the Senate, following its passage on March
8, 2012 by the House of Representatives.
The purpose of the said legislation is to ease the
regulatory burden on small companies for raising capital...
On this edition, Dick Phillips and Alan Berkeley of K&L Gates and Stan Keller of Edwards Wildman discuss the JOBS Act (Jumpstart Our Business Startups Act), which was signed into law April 5 by President Obama. They provide an overview of the legislation and explore some of the controversies of the...
Not two years ago, reverse mergers with little known
Chinese firms was all the rage. The reverse merger was a cheap way to get
a private Chinese (or any other) company public. Chinese firms took a
liking to this backdoor to the US capital markets more than anyone else.
So much so that it caused...
With Democrats like Representative Carolyn Maloney of New
York, who needs the Republicans? When special interests pursue self-interested
legislation - or seek to block legislation that affects their
interests - Maloney waves the jobs and economic growth flag for campaign
contributors rather than...
Crowdfunding may provide an interesting way for some
companies to raise capital. It's definitely getting a lot of the hype
since passage of the Jumpstart Our Business Startups ( JOBS ) Act
earlier this month. I've read articles talking about how crowdfunding is
going to disrupt funding for...
by Jonathan B. Wilson and Dianne L. Trenholm
On April 5, 2012, President
Obama signed the Jumpstart Our Business Startups Act (the "JOBS
Act"), H.R. 3606, into law calling it "a potential game-changer"
for startup companies. President Obama signed the JOBS Act just...
Our firm is working on a comment letter to submit to the
SEC, but in the meantime I thought I would deliver some thoughts that are
purely my own as the SEC pursues the massive rulemaking job put upon it by the
Jumpstart our Business Startups (JOBS) Act recently signed into law.
The law directs...
In order to try to boost the number of companies going
public, the recently enacted JOBS act provides for certain procedural and
reporting advantages for "Emerging Growth Companies," which are defined in the
Act as companies within five years of their IPO and with revenues less than $1
"Everyone agrees the title was a work of pure genius,"
says Dick Phillips of K&L Gates in a recent podcast , referring to the Jumpstart Our Business
Startups (JOBS) Act. "It's impossible to vote against in an election year."
When a law is so well named, it's important...