The Hill News

With the passage of the Jumpstart Our Business Startups Act (HR 3606), dubbed the “JOBS Act,” by the House of Representatives on March 8, 2012, momentum for reform of the legal regime governing capital formation in the United States is building. President Obama expressed his support for this regulatory reform, emphasizing that HR 3606 “will help startups and small businesses succeed and create jobs, which is fundamental to having an economy built to last.”  It is now up to the Senate to take up this momentum and pass comparable reform legislation.

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