House Passes JOBS Act Deadline

By The Committee on Financial Services

The House of Representatives today passed two bipartisan Financial Services Committee bills, including one that sets a deadline for the Securities and Exchange Commission (SEC) to implement a key provision of the JOBS Act.

By a vote of 416-6, the House gave its approval to H.R. 701, a bipartisan bill that directs the SEC to finalize rules by Oct. 31 to implement a JOBS Act provision that helps startup businesses access capital.

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