(As reported by real estate educator Duane Gomer, http://duanegomer.com)
First, the name Jobs Act is misinformation. It has nothing to do with Jobs. The correct title is, “Jumpstart Our Business Startups Act.” It is intended to encourage funding of United States small businesses by easing various securities regulations.
The law was passed on April 5, 2012. The SEC adopted final rules to allow Title III equity crowdfunding on October 30, 2015. The effective date is May 16, 2016.