Subject: File No. JOBS Act Title I
From: Robert S Davenport

June 28, 2012

Exempting "small" companies from significant oversight during their first rive years is ludicrous when the definition of small is less than a billion annual revenue and 700 million or less capital-ization. The exemption would be granted to all but the largest IPOs. The crowdfunding provision and the lack of a requirement of registering or disclosing of key information to the SEC provides the same type of opportunities as were provided in the bundling of risky mortgages and selling them to unsuspecting investors. We went through much of the same prior to the collapse of the economy.