BioCentury
ARTICLE | Politics & Policy

House passes ‘JOBS Act 3.0’

July 18, 2018 12:47 AM UTC

The House of Representatives passed legislation 406-4 on Tuesday that could make it easier for small biotechs to go public.

The JOBS and Investor Confidence Act of 2018 is a collection of 32 bills, including H.R. 1645, which seeks to extend exemptions for compliance with auditing requirements under the Sarbanes-Oxley Act. Other measures would expand confidential filings and so-called testing the waters rules as well as broaden the definition of “accredited investors” who can participate in non-public offerings...