SEC Seeks Public Comment in Advance of Proposing JOBS Act Rules
The SEC announced that it is now accepting public comment on the Jumpstart Our Business Startups Act (JOBS Act).
On April 11, 2012, the SEC issued a press release announcing that it is now accepting public comment on provisions of the Jumpstart Our Business Startups Act (www.practicallaw.com/2-518-7869) that require the SEC to undertake rulemaking, in advance of its release of proposed rules. The SEC used a similar procedure in its implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act (www.practicallaw.com/4-502-8619).
The SEC has posted links on its website that correspond to titles of the JOBS Act, which can be used to submit comments. The public will also have the opportunity to comment on specific rulemaking once it is proposed by the SEC.
The SEC also announced that it will post information on its website about any JOBS Act meetings with interested parties.
For more information on the JOBS Act, see Practice Note, Road Map to the Jumpstart Our Business Startups (JOBS) Act of 2012 (www.practicallaw.com/6-518-6858).