The website, VentureBeat.com, has reporting that President Barack Obama will sign the American JOBS Act on Thursday, April 5, 2012. The Act, provisions for small business under the 500 shareholder limit, to raise startup capital.
Read More: Obama to sign pro-crowdfunding JOBS Act into law Thursday [VentureBeat]
MarketWatch.com blogger Chuck Jaffe sees the American JOBS Act as a way for internet scam arts to lure people into CrowdFunding money for bogus projects.
While this could be completely possible, should we strike down an opportunity for many startups to raise much needed funding?