The US Jobs (Jumpstart Our Business Startups) Act has been under severe criticism, ever since the bill was passed in April.
The Act was aimed at encouraging innovation, growth, and jobs, by allowing emerging growth companies to raise direct investment capital from the public. Few startup firms have access to angel investments, which will be provided under Jobs.
However, Kurt Schacht believes that the bill is truly an ill-considered piece of election year pandering. Critics think that it has made the US home ground for unhealthy public offerings. It...


