The Securities and Exchange Commission (SEC) announced on April 11 that it is accepting public input on its implementation of the newly enacted Jumpstart Our Business Startups (JOBS) Act, Pub. L. No. 112-106. The Act includes provisions that require the SEC to undertake various initiatives, including rulemaking and studies touching on capital formation, crowdfunding, disclosure, and registration requirements. The SEC is encouraging the public to comment on these issues even before the agency formally takes steps to implement the JOBS Act initiatives. The SEC intends to post on its website all of the comments submitted in response to its April 11 announcement. The first comments have already been submitted. Here’s the page for submitting or viewing comments.
Advocacy’s contact person on this issue is Assistant Chief Counsel Dillon Taylor.