JOBS Act Becoming Law

March 29, 2012
The Jumpstart Our Business Startups Act, or JOBS Act, has been overwhelmingly passed by the House and Senate, and President Obama has said he will sign it. The JOBS Act reduces the requirements for IPOs for companies with annual revenues of less than $1 billion and eases the post-IPO regulatory burden for up to five years. It also permits general solicitations in Regulation D private placements limited to accredited investors and in 144A offerings. In this update, we summarize the primary changes the Act will effect.