JOBS Act Creates Significant U.S. Capital-Raising Opportunities for U.S. and Non-U.S. Companies and Funds

Summary: The Jumpstart Our Business Startups Act (the JOBS Act) has raced through Congress, sped along by its bipartisan popularity as a jobs growth bill, and has stranded at least 11 Senate and House bills (most passed in 2011) which deal with securities law reforms. The Act accomplishes private offering rules reforms (which have been on the table since 2007), implements many of the recommendations of the IPO Task Force and endeavors to create a healthy equity market food chain.