by David R. Burton
The Heritage Foundation
April 14, 2014
The 2012 JOBS Act was a bipartisan achievement of consequence. These reforms will help small business entrepreneurial capital formation, innovation, and job creation. Securities and Exchange Commission (SEC) implementation of the JOBS Act, however, is much too slow, in some cases nearly a year and a half behind the pace required by Congress. And the rules being proposed by the Commission are often so voluminous and complex that they will undermine the laudable purposes of the JOBS Act. I would encourage Members of this Committee to actively monitor the rule-making process in your oversight capacity and communicate your concerns to the Commission. There are also significant statutory reforms which are still required if we are to give genuine rebirth to the spirit of enterprise, innovation, and dynamism necessary for a lasting and widespread prosperity that provides opportunity and better incomes for all Americans.

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