Talk:Jumpstart Our Business Startups Act

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it's unclear who the JOBS act rules apply to

It's unclear to me as I read this article who the JOBS act crowd funding rules apply to. Do these rules apply to existing crowd funding platforms like Kickstarter and Indie GoGo, such that an individual or small business can no longer use them to raise money for a project without complying with these rules? Or do these rules create a new, mutually exclusive system of crowd funding that is separate from things like Kickstarter, such that Kickstarter type projects can go on as before? — Preceding unsigned comment added by 76.187.6.106 (talk) 21:55, 7 January 2014 (UTC)[reply]

use of Twitter and modern Internet platforms

Who will be allowed to use these technologies, and for what? (97.178.134.123 (talk) 00:21, 23 March 2012 (UTC))[reply]

Some[who?] criticized the House version of the bill as "gutting regulations designed to safeguard investors",

I am not experienced with editing, but among the "who?" that have criticized this bill are Jack E Hernstein, the president of the NASAA (NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION, INC.). His letter to the Senate regarding his criticisms can be found here: http://www.nasaa.org/wp-content/uploads/2011/07/NASAA-Letter-to-Senate-Leadership-on-H.R.-3606-FINAL-3-12-2012.pdf

Can someone experienced with editing, please post this citation? Thank you. 69.42.41.244 (talk) 19:52, 5 April 2012 (UTC)HistoryLunatic[reply]

Holders in Street Name

The sentence citing to the Jim Hamilton blog related to "holders in street name" is misleading as currently written. Shares of private companies are not frequently held in street name because private companies as a practice keep records for their capitalization tables in order to keep control over voting as well as to prevent triggering the 500 shareholder limit. There's nothing in the cited source confirming that it is "common" for private companies to have more than 500 shareholders as a result of being under-counted through holders in street name. In addition, the SEC has the power at any time to count beneficial owners individually and manually trigger the 500-shareholder limit. Therefore, this should be removed. — Preceding unsigned comment added by JayNaz (talk • contribs) 02:33, 19 April 2012 (UTC)[reply]

Updating article

Much of the article is devoted to earlier versions of the bill. These are now moot since the law has been passed. I hope to update the article with more current commentary.--Nowa (talk) 18:43, 2 August 2012 (UTC)[reply]

For sure, thanks! I'll try to pitch in. - Wikidemon (talk) 22:37, 2 August 2012 (UTC)[reply]

Legislative History

The first two paragraphs of the Legislative History section elide the distinction between the JOBS Act as a whole, which is the topic of the entry, and its crowdfunding provision (Title III), which is one of five sections of the legislation, each of which has a different legislative history. This is problematic because, for example, the history and lobbying efforts behind Title II, which lifts the ban on general solicitation for certain unregistered securities, also impacted the passage of the JOBS Act ^[1]. Regarding Title III, the text misses some key points that I just raised in the Talk section of the Crowd funding entry. Among these are:

(Omission) The crowdfunding legislation in the JOBS Act was not based on the Entrepreneur Access to Capital Act (H.R.2930, McHenry, R-NC), which was the first crowdfunding exemption bill. The original version of the JOBS Act included H.R.2930, but the Senate swapped it out for different language that more closely resembled a later bill, the CROWDFUND Act (S.1970, Merkley, D-OR). It is this version that was subsequently passed by the house and signed into law. See Steven Bradford, Promise Unfulfilled, Securities Regulation Law Journal ^[2], page 5.
(Omission) Rep. McHenry cites the inspiration for H.R.2930 as the BuyaBeerCompany.com campaign, which launched in Nov 2009 to gather pledges for the purchase of the Pabst Brewing Company. See House Oversight Committee hearing, June 26, 2012, "The JOBS Act in Action" ^[3], McHenry comments starting at 59:00.

As with the Crowd funding entry, I was gonna just go ahead and "be bold" editing this entry, but these are not minor changes, and I have a few others, so I wanted to discuss them first. The current Legislative History section's emphasis on one component of the legislative history of the JOBS Act seems unbalanced, but the movement behind the JOBS Act's crowdfunding provision is instructive and interesting, and may merit an entry of its own. Pspinrad (talk) 23:39, 8 April 2013 (UTC)[reply]

Please go ahead and be bold and make the edits you propose. That the changes aren't minor is far outweighed by the fact that they are strongly supported by the sources you are familiar with. In the unlikely event that anyone has problem with the changes, it's easier to discuss these kinds of things after the fact. Otherwise nobody knows exactly what changes you're proposing. EllenCT (talk) 00:02, 9 April 2013 (UTC)[reply]

References

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Is this link problem the reason the article was tagged with an "External links" template? Waters.Justin (talk) 01:12, 26 February 2016 (UTC)[reply]

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[1] ttp://www.crowdfundinsider.com/2012/12/video-sarah-lacys-chat-with-angellists-naval-ravikant/

[2] ttp://web.law.columbia.edu/sites/default/files/microsites/capital-markets/files/Promise%20Unfulfilled.pdf

[3] ttp://oversight.house.gov/hearing/the-jobs-act-in-action-overseeing-effective-implementation-that-can-grow-jobs/

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