This email contains a summary of the Jumpstart Our Business Startups (JOBS) Act signed into law in April 2012. The Act makes it easier for small businesses to raise capital by loosening some reporting requirements for companies with fewer than 500 unaccredited investors. It allows companies to advertise private placements to the general public and raise up to $1 million annually with streamlined registration. The Act also creates a new category called "emerging growth companies" that are exempt from some regulatory requirements for an initial period after going public.