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Legislation Would Address Deficiencies in JOBS Act

Posted in JOBS Act News

Given the haste with which the JOBS Act made its way through Congress, it is not surprising that there are some details that may have been neglected.

Rep. McHenry has introduced a bill (H.R. 701), co-sponsored by Representatives Schweikert, Eshoo, Garrett, and Scott, which would direct the Securities and Exchange Commission to implement rules for Section 3(b)(2) (or Regulation A+) by October 31, 2013.

Rep. Womack’s bill (H.R. 801) would address the inadvertent omission of savings and loan holding companies from the deregistration provisionsconsistent with the JOBS Act legislative history.