The JOBS Act – Congress Rewrites the Securities Laws (Again)

Congress has once again attempted to address the issues it perceives as hurting the U.S. economy by tinkering with the federal securities laws.

In 2010, Congress attempted to remedy a perceived insufficiency of regulation of the U.S. capital markets by adopting the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). Dodd-Frank increased the regulation of public companies in a number of ways, including by increasing disclosure obligations, mandating say-on-pay votes, tightening restrictions on private offerings and strengthening corporate governance standards.