Thursday, May 1, 2014


Some critics of the Jumpstart Our Business Startups Act want to get jumping American regulators;
Enacted in April 2012, President Barack Obama hailed it as a potential "game-changer" for small, private businesses eager to raise money. Congress left it to the Securities and Exchange Commission to set final rules on how provisions of the new law would be implemented, a task the agency has yet to fully complete.
The JOBS Act's benefits so far have been ho-hum, in the eyes of some of its critics. Thus, several House Republicans now are putting forth "JOBS Act 2" proposals, arguing that legislation Congress passed in 2012 is too restrictive for small firms.
.... the discussion underscores a sense of disappointment and frustration with how the JOBS Act is playing out. In congressional testimony Tuesday, Securities and Exchange Commission Chair Mary Jo White said that completing key rule making required by the JOBS Act was a top priority. 
And she'll get right on it after her vacation.


  1. Small businesses are an attractive idea. But, consider that the proprietors are far from being Harvard graduates. They are often immigrants and without college degrees.

    It is unclear that they can even read and understand the regulations, much less follow all of them. It is hearbreaking that we at the Agency must do a surprise inspection, note many violations, levy fines, and then shut them down. Just heartbreaking.

    It is better that they not start up in the first place. Big business is in league with the Devil, and congressmen, but at least we can fine them. Prospective small business owners should either work for big business or go on wellfare, rather than disupting society and see their dreams dashed.


  2. Independents are just too hard to organize.