JOBS Act passes House, en route to Obama for signing

[alp227]

Source: CNET

The landscape for technology startups is about to change dramatically.

New legislation governing the rules for Silicon Valley entrepreneurs and investors is now headed to President Barack Obama, who is expected to sign the bill into law.

The JOBS Act passed the U.S. House of Representatives today by a 380-41 vote. All throughout the debate over the proposal, there has been bipartisan support that has helped to overcome warnings that less rigorous government oversight might inadvertently open the door to more investment scams.

Among other things, the legislation is designed to help startups avoid a lot of regulatory red tape when they try to raise capital. The JOBS acronym comes from the phrase "jumpstart our business startups."

Read more: http://news.cnet.com/8301-13578_3-57405320-38/jobs-act-passes-house-en-route-to-obama-for-signing/

[Taverner]

1. Somebody tell me - is this good or bad?

[Better Believe It]

4. It's not good.

Obama embraces "bi-partisan" Wall Street deregulation bill that 25 Senate Democrats voted against!

http://www.democraticunderground.com/1002479503

[Smilo]

2. This is wrong and will lead to tears and illegal wrongdoings - though such

as Issa will be very pleased, because he can start scamming people in a whole new way.

[JDPriestly]

3. Precisely.

Wonder what the 1% will steal in this round of "growth."

[xxqqqzme]

5. Isn't this the JOBS

bill that creates no jobs?

[MannyGoldstein]

6. WTF is wrong with Bernie Sanders? Seriously.

WTF is wrong with Bernie Sanders? Seriously.

[mother earth]

8. Thank you. nt

[chelsea0011]

7. This should be funny watching republicants claim that any job growth

is because of this bill.

[4dsc]

9. Another bad move by Democrats

I'm fucking sick and tired of democrats' rolling over to the GOP. Fuck everyone who supports this shit.

[Justice wanted]

10. Great! This bill is nothing more than a fluff piece! No real jobs will come of the Jobs act.