• Senate Approves Amended Version of the “Jumpstart Our Business Startups Act”
  • March 26, 2012
  • Law Firm: Skadden Arps Slate Meagher Flom LLP - New York Office
  • On March 22, 2012, the U.S. Senate approved, by a vote of 73 to 26, an amended version of the “Jumpstart Our Business Startups Act” (the JOBS Act), which was previously overwhelmingly approved by the U.S. House of Representatives. The JOBS Act consists of a package of bills intended to make it easier for smaller companies to raise public and private capital in the U.S. financial markets. As of the date of this alert, the JOBS Act, as amended by the Senate, is pending consideration by the House of Representatives. It is expected that the House of Representatives will vote on the version of the JOBS Act approved by the Senate during the week of March 26, 2012 and that a version of the JOBS Act will become law shortly thereafter, as the Obama administration previously has signaled its support for the legislation.