Jumpstart Our Business Startups Act
United States federal law / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Jumpstart Our Business Startups Act?
Summarize this article for a 10 year old
The Jumpstart Our Business Startups Act, or JOBS Act, is a law intended to encourage funding of small businesses in the United States by easing many of the country's securities regulations. It passed with bipartisan support, and was signed into law by President Barack Obama on April 5, 2012. Title III, also known as the CROWDFUND Act, has drawn the most public attention because it creates a way for companies to use crowdfunding to issue securities, something that was not previously permitted.[1] Title II went into effect on September 23, 2013.[2] On October 30, 2015, the SEC adopted final rules allowing Title III equity crowdfunding.[3][4] These rules went into effect on May 16, 2016; this section of the law is known as Regulation CF. Other titles of the Act had previously become effective in the years since the Act's passage.
Acronyms (colloquial) | JOBS Act |
---|---|
Nicknames | JOBS Act |
Citations | |
Public law | Pub. L.Tooltip Public Law (United States) 112–106 (text) (PDF) |
Statutes at Large | 126 Stat. 306 |
Legislative history | |
|