The JOBS Act, after being passed by the House, is up for vote this Tuesday, March 20th, in the Senate. Equity and investment crowdfunding enthusiasts as well as it's detractors are encouraging people to contact their senators and urge them one way or another concerning the passage of this Act.
Need help following along and a refesher on how a bill becomes a law? Watch the classic Schoolhouse Rock video on How a Bill Becomes a Law:
What would the passage of this Act, and the crowdfunding bills within it, mean for crowdsourcing?
Well, the Act, already endorsed by President Obama, would mean that crowdfunding platforms would be able to host crowdfunding investment opportunities, and that would mean any small business could offer equity and non-equity investments in exchange for funds online. This, it is predicted, has the potential to cause a burst of new startups to be created in America and and a subsequent increase in available jobs.
What do you think? Let us know in the comments...
Want to get involved? Contact your senators, and let them know how you feel about this act.
Exciting news for Crowdfunding Month indeed!