September 2012

24 Sep Summary of JOBS Bill and Update

US House Passes “JOBS” Act to Help Small Businesses On March 8, 2012, the US House of Representatives passed a wide-ranging bill to help smaller businesses known as the Jumpstart Our Business Startups Act (JOBS Act). The House passed the bill by a vote of 390-23. We have reviewed the bill and while some of its technical language still needs further study, this alert provides a summary of the bill’s seven key provisions: 1. There will be a new securities term called an “emerging growth company,” which is a company that had less than $1 billion in revenues before going public. The...

Read More