Guys and gals, this is a big deal. In my opinion first time in a long time that a good law is being passed in D.C. It will have big implications for anybody in the business of raising money by expanding the pool of available investors.
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Hi Alfred,
It has lot of good provisions that will roll back regulations coming from Sarbanes-Oxley and the 1934 Securities Exchange Act for companies with up to $1billion dollars in sales, but more specifically for real estate investors it will make it easier to raise money by lifting the ban on "general solicitation" and advertising for some kinds of private placements. Also it is meant to encourage setting up "crowdfunding" sites and investors are not necessarily required to be accredited. This link does a good job of describing the changes a little bit better:
http://en.wikipedia.org/wiki/Jumpstart_Our_Business_Startups_Act
and here is the full text:
http://www.govtrack.us/congress/bills/112/hr3606/text