Jumpstart Our Business Startups (JOBS) Act
On April 5, 2012, the Jumpstart Our Business Startups (JOBS) Act was signed into law by President Barack Obama. The Act required the SEC to write rules and issue studies on capital formation, disclosure, and registration requirements. This page provides details on the rulemaking and studies by the SEC as required by the JOBS Act.
Frequently Asked Questions
Emerging Growth Companies (Title I)
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General Applicability of Title I
December 21, 2015 (revised) -
FAQ: Confidential Submission Process for Emerging Growth Companies
December 21, 2015 (revised) -
Research Analysts and Underwriters
August 22, 2012
Access to Capital for Job Creators (Title II)
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FAQs: Exemption from Broker-Dealer Registration in Title II of the JOBS Act
February 5, 2013 - Voluntary Submission of Rule 506(c) Materials
Crowdfunding (Title III)
- Compliance Guide for Issuers
May 13, 2016 - Compliance and Disclosure Interpretations for Issuers
May 13, 2016 - Funding Portal Registration Guide
February 29, 2016 - Compliance Guide for Intermediaries
May 13, 2016
Regulation A (Title IV)
- Small Entity Compliance Guide
June 18, 2015
Exchange Act Registration and Deregistration (Titles V–VI)
Rulemaking and Reports
Regulation A
- Final Rules
- March 25, 2015
- Press Release and Fact Sheet
- March 25, 2015
- Press Release and Fact Sheet
- December 18, 2013
- Rules Proposal
- December 18, 2013
Crowdfunding
- Press Release and Fact Sheet
- October 30, 2015
- Press Release and Fact Sheet
- October 23, 2013
- Rules Proposal
- October 23, 2013
- Adopting Release
- October 30, 2015
Eliminating the Prohibition Against General Solicitation and General Advertising in Rule 506 and Rule 144A Offerings
- Press Release and Fact Sheet
- July 10, 2013
- Final Rules
- July 10, 2013
Amendments to Regulation D, Form D and Rule 156 under the Securities Act
- Press Release and Fact Sheet
- July 10, 2013
- Rules Proposal
- July 10, 2013
SEC Proposes Rules to Implement Provision on General Solicitation and Advertising
- Press Release and Fact Sheet
- August 29, 2012
- Rules Proposal
- August 29, 2012
- Final Rules
- July 10, 2013
Registration Requirements
- Press Release
- December 18, 2014
- Rules Proposal
- December 17, 2014
- Press Release
- May 3, 2016
- Final Rule
- May 3, 2016
- Section 108 Report to Congress on Review of Disclosure Requirements in Regulation S-K (December 20, 2013)
- Section 504 Report to Congress (October 16, 2012)
- Section 106 Report to Congress on Decimalization (July 20, 2012)
Roundtable Meeting
- On February 5, 2013 the SEC hosted a Decimalization Roundtable to examine the impact of decimal-based stock prices on small and mid-sized companies.
Public Comments (Pre-Rulemaking)
- Submit or read public comments on SEC regulatory initiatives under the JOBS Act.
Information for Investors
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"Outline of Dodd-Frank Act and JOBS Act"
Speech by Lori Schock, Director, Office of Investor Education and Advocacy
June 9, 2012