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JOBS Act

JOBS Act Becomes Law: Tell Senators “Now It’s Time to Help Main Street”

Apr
06

President Obama signed the Jumpstart Our Business Startups (JOBS) Act on April 5.  The new law includes language that helps the banks, including a provision that raised the Securities and Exchange Commission (SEC) registration threshold for banks.   The Independent Community Bankers of America (ICBA) is touting this as a legislative win, which allows more banks to change their tax status to Subchapter S and reduces their regulatory requirements.    

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Posted By Amy McLard read more
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