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JOBS Act Update
On March 14, we summarized a package of bills called the Jumpstart Our Business Startups, or JOBS Act passed by the U.S. House of Representatives on March 8, aimed at making it easier for small businesses to go public, attract investors, and hire workers, by reducing U.S. Securities and Exchange Commission (SEC) registration requirements and other restrictions.
On March 22, the Senate approved the JOBS Act after adding an amendment that provides additional safeguards on "crowdfunding" to prevent credit scams. On March 27, the House passed the JOBS Act as amended by the Senate. It is anticipated that President Obama will quickly sign the bill into law.
Jeff Barrett and Greg Lynch
Full Story: http://wtnnews.com/articles/9598/
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