On April 5, 2012, President Obama signed into law the Jumpstart Our Business Startups Act of 2012 (JOBS Act). The JOBS Act adopts wide-ranging changes to the federal securities laws and rules governing the US capital formation process.

For a detailed discussion of the JOBS Act, see Legal Update, Congress Passes Capital Formation Reform Bill (JOBS Act). For more on the relief the JOBS Act provides to emerging growth companies from certain executive compensation reporting requirements, see Legal Update, Jumpstart Our Business Startups (JOBS) Act Exempts Emerging Growth Companies from Certain Compensation-related Reporting Requirements.

PLC Corporate & Securities has also published a Road Map to the Jumpstart Our Business Startups (JOBS) Act of 2012, which describes the JOBS Act and includes a map to summaries of the Act's provision.