JOBS Act and SOX compliance
In early April, President Barack Obama signed the Jumpstart Our Business Startups (JOBS) Act, a bipartisan bill meant to create jobs and stimulate U.S. economic activity. The main vehicle the act uses to achieve these broad objectives is easing the burden that the Sarbanes-Oxley Act (SOX) places on new public companies. The intent is for this eased regulatory burden to encourage more companies to go public, stimulating economic growth and creating jobs.