WH Office Hours: JOBS Act 4/20/12

Todd Park, Assistant to the President and U.S. Chief Technology Officer (CTO), responds to questions on Twitter about how the JOBS Act will help Main Street small businesses as well as small and young firms across the country grow and hire faster.

  1. #whchat as a small business owner who recently hired equity advisors, i wonder how new law helps me attract investors or partial buyers?
  2. .@GuestCaye #JOBSAct makes it easier 4 small biz to raise capital, from crowdfunding for startups to IPO onramp wh.gov/QBy #WHChat
  3. Crowdfunding bill too timid. $1M not enough, witness current Kickstarter campaign doing $5M in ten days. Can JOBS expand it? #WHChat
  4. .@alberthartman Note it's $1M/year. Speaking as ex-entrepreneur, this is a great start! #JOBSAct has other options 2 raise up 2 $50M #WHChat
  5. .@WHlive When does the #crowdfunding section of the new JOBS act go into effect? #WHchat
  6. .@pheffernanvt Congress gave SEC 9 months to write rules for #crowdfunding; u can submit comments at 1.usa.gov/IQv4X1 #JOBSAct #WHChat
  7. Can you please describe the timing of implementation of the Public offering provisions for growth co.s? #WHChat
  8. .@JessicaLowreyNY Key IPO onramp provisions are live now. SEC has a helpful FAQ here 1.usa.gov/I7uqGw #JOBSAct #WHChat
  9. .@WHlive Is there a role for trade/business associations to play re #crowdfunding, #JOBSAct #WHChat?
  10. .@ASBCouncil Trade groups vital 2 developing industry codes of conduct 4 #crowdfunding; & can comment 2 SEC now 1.usa.gov/IQv4X1 #WHChat
  11. .@WHLive #WHChat will increasing Reg A mini-IPO cap from $5M to $50M require SEC regulations? or can our #sandiego #startups use RegA now?
  12. .@ConnectPolicy Congress directed SEC to write rules for new Reg A offerings up to $50M. Please comment to SEC 1.usa.gov/IQv4X1 #WHChat
  13. with the business holding information for up to 5 years wouldn't that increase more opportunities for business to forge information #WHChat
  14. .@NathAnarchy All companies during IPO onramp period must still comply with most SEC disclosure rqmts; still fully liable 4 fraud #WHChat

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