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Jumpstart Our Business Startups Act (JOBS Act)

Published April 5, 2012

President Obama signed H.R. 3606, the Jumpstart Our Business Startups Act (JOBS Act), into law on April 5, 2012. Obama stated in a speech at the signing, "...for start-ups and small businesses, this bill is a potential game changer. Right now, you can only turn to a limited group of investors -- including banks and wealthy individuals -- to get funding. Laws that are nearly eight decades old make it impossible for others to invest. But a lot has changed in 80 years, and it's time our laws did as well. Because of this bill, start-ups and small business will now have access to a big, new pool of potential investors -- namely, the American people. For the first time, ordinary Americans will be able to go online and invest in entrepreneurs that they believe in."

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