President Obama signed the Jumpstart Our Business Startups (JOBS) Act into law on April 5, 2012. The primary purposes of the Act is to increase the availability of financing for smaller companies.
The Act achieves this by relaxing some of the regulations that previously restricted the availability of funds for small and emerging companies because of the regulatory burden or outright prohibition under archaic rules.
Here is a copy of the JOBS Act. Look for a more detailed post about this important piece of legislation next week.
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