The Senate plan for the JOBS Act today, a financial deregulation bill that would weaken investor protections with no economic benefit, was for three cloture votes – an amendment to add investor protections to the bill, an amendment to attach a reauthorization of the Export-Import Bank to the bill, and, if those failed, a cloture vote on the bill itself.
|By: David Dayen Tuesday March 20, 2012 11:00 am|
Today the Senate will vote on the JOBS Act, part of a deal on judicial confirmations that allows the House-passed bill to come to the floor. The Senate will vote on a substitute amendment which could upend the entire bill. And let’s hope so! As Simon Johnson points out, the JOBS Act is a simply terrible idea which strips investor protections and deregulates the a part of the financial sector.
|By: David Dayen Saturday March 17, 2012 10:00 am|
It appears a few Democrats have finally gotten around to reading the JOBS Act, the financial industry deregulation bill that would bring back penny-stock scams and remove investor protections. Multiple Democrats in the Senate have proposed changes to the legislation, which breezed through the House with ample Democratic support.
|By: David Dayen Thursday March 15, 2012 1:30 pm|
Overlooked in the mockery of the GOP House taking some innocuous-seeming bills about small business capital formation and wrapping them up into a package to call them the JOBS Act is that the underlying bills themselves are really not good at all. It’s an effort to exempt a bunch of companies from reporting requirements and weaken investor protections. It’s a financial industry deregulation bill.
|By: David Dayen Wednesday March 14, 2012 12:15 pm|
It looks like Mitch McConnell and Senate Republicans have backed down on their obstruction of judicial confirmations. But it’s a little unclear; what we know is that McConnell and Harry Reid reached a deal that will allow the judges to get a vote. However, the JOBS Act, the financial market IPO deregulation bill which McConnell sought prior to the judicial issues, will get a vote first, and it’s not clear all the GOP Senators are on board.
|By: David Dayen Thursday March 1, 2012 7:00 am|
Wow, the JOBS Act can pass! I guess we’ll all have jobs soon. Wait, what’s that acronym? Jump-starting Our Business Startups (isn’t that J-SOBS, really)? So what’s that all about?