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- JOBS Act
The Jumpstart Our Business Startups Act, signed into law in April 2012. The JOBS Act made significant changes to the US securities laws. Most significantly, Title I of the JOBS Act provides for an IPO on-ramp, streamlining the IPO process for EGCs, a new category of Issuer. The other Titles of the JOBS Act introduced a number of additional changes to the securities laws, including directing the SEC to (1) modify Regulation D under the Securities Act to remove prohibitions on “general solicitation” in connection with Rule 506 offerings to Accredited Investors and (2) expressly permit general solicitation in connection with Rule 144A Financings. See Latham & Watkins publication, The JOBS Act, Two Years Later: An Updated Look at the IPO Landscape (April 5, 2014).