Reid Pulls JOBS Act Bill After Amendments Fail

By: Tuesday March 20, 2012 6:30 pm

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.


Misnamed JOBS Act – Which Deregulates Financial Markets – Gets Senate Vote Today

By: 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.

Leading Dem Senators Want to Add Investor Protections to JOBS Act

By: 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.

JOBS Act Financial Deregulation Bill Could Get Tripped Up by Unrelated Measure

By: 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.

Reid, McConnell Make Deal on Judicial Confirmations, JOBS Act

By: 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.

House Republicans Want to Pass the JOBS Act; Not So Much Having Anything to Do With Jobs

By: 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?

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