Government
Apr. 7, 2012
Bill to loosen rules for startups passes Congress despite fear of scams
President Barack Obama signed the JOBS Act into law on Thursday, a measure that will deregulate the process by which certain companies can raise capital.
Daily Journal Staff Writer
President Barack Obama signed the JOBS Act into law on Thursday, a measure that will deregulate the process by which certain companies can raise capital.
Proponents of the bill say it will lead to a more robust market for small companies seeking to go public, while critics say the bill could open the gates for fraud.
The JOBS Act - short for Jumpstart Our Business Startups - creates a new c...
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