In rare acts of bi-partisanship, on March 8, 2012, the House of Representatives passed the Jumpstart Our Business Startups Act (JOBS Act), quickly followed two weeks later by Senate approval of the JOBS Act, which included amendments that were passed by the House on March 27, 2012. The JOBS Act is expected to be signed into law by President Obama in the next few days.
Our publication examines the background of the JOBS Act, the creation of an "IPO on-ramp" for emerging growth companies, the facilitation of capital raising for smaller companies and the potential impacts of the proposed legislation.