The House of Representatives voted 380-41 to approve the Jumpstart Our Business Startups Act (the “JOBS Act”), which was previously approved by the Senate by a vote of 73-26. The JOBS Act is now headed to President Obama, who is expected to sign it into law. This bipartisan legislation is designed to stimulate job growth by making it easier and less costly for smaller companies to raise capital in the U.S. through a loosening of regulatory restrictions applicable to private offerings, initial public offerings and certain newly public companies.
This post on Free Legal Start-up Documents, Start-up Issues and IPO was authored by Founders Workbench.