In an unusual move, the SEC has opened up for comments on the proposed rules under the recently-signed Jumpstart Our Business Startups Act, before it has proposed the rules.
The SEC is generally required by law to establish a public comment period at the time it proposes rules or rule amendments. However, similar to the Commission’s action with the Dodd-Frank Act, the public will have an opportunity to voice its views before rules or amendments are proposed under the JOBS Act. The public also will be able to see what others are saying to the agency about these issues.
To facilitate public comment, the SEC is providing a series of links on its website organized by titles of the JOBS Act. Those links are replicated below.
- Title I — Reopening American Capital Markets to Emerging Growth Companies
- Title II — Access to Capital for Job Creators
- Title III — Crowdfunding
- Title IV — Small Company Capital Formation
- Title V — Private Company Flexibility and Growth
- Title VI — Capital Expansion
- Title VII — Outreach on Changes to the Law