The JOBS Act Two Years Later: Where We Are and What's Next for Crowdfunding (Infographic)
Two years ago tomorrow, President Obama signed the Jumpstart Our Business Startups Act -- or JOBS Act -- into law. The landmark legislation fundamentally changed the way that entrepreneurs access capital.
Related: The JOBS Act: What You Need To Know
Of particular note, the JOBS Act removed a ban on general solicitation, making it legal for entrepreneurs to publicize their efforts to raise capital. Also, the JOBS Act opened the door to allow unaccredited investors to invest in companies online via crowdfunding. The rules are still being negotiated in Washington, but when the Securities and Exchange Commission finally signs off on them, the multi-billion dollar crowdfunding industry is expected to expand even more.
Crowdfunding site Fundable generated the infographic below, summarizing the key provisions of the JOBS Act, why they are important and what’s coming next for the industry.
Have a looksee.
Catherine Clifford is senior entrepreneurship writer at CNBC. She was formerly a senior writer at Entrepreneur.com, the small business reporter at CNNMoney and an assistant in the New York bureau for CNN. Clifford attended Columbia University where she earned a bachelor's degree. She lives in Brooklyn, N.Y. You can follow her on Twitter at @CatClifford.