Once in a while, it appears that Congress might actually pass a constructive law and the president may sign it. But our politicians seldom fail to disappoint.
The current possibility is the JOBS, or Jump-Start Our Business Start-Ups, Act. This bill is designed to significantly decrease the massive regulatory burdens associated with raising capital from investors.
The JOBS Act could lead to the private sector creating millions of additional jobs over the next decade. It features some truly exciting reforms that could ease small businesses’ regulatory woes by making it easier for companies to raise capital in the public equity markets, and easier for successful companies, which want to compensate employees with stock options, to stay private.Read more: http://www.politico.com/news/stories/0312/74337.html#ixzz1prACayk9 Read more: http://www.politico.com/news/stories/0312/74337.html#ixzz1prA1cBW5
via www.politico.com
Macey goes on to explain that a large part of the problem is that liberals have woken up to the ways the JOBS Act challenges the fundamental precepts of their beloved regulatory state.
