Obama signs "JOBS Act" to support small businesses
英语课
WASHINGTON, April 5 (Xinhua) -- U.S. President Barack Obama on Thursday signed the Jumpstart Our Business Startups (JOBS) Act into law, which would encourage startups and support the nation's small companies by loosening financial regulation against them.
The bipartisan legislation, aiming to drive the economic recovery and job creation, would allow Main Street small businesses and high-growth firms to raise capital from investors 1 more efficiently 2.
Under the JOBS Act, firms achieving annual gross revenues of less than 1 billion U.S. dollars would enjoy an incubator period of up to five years. During this period, there is no disclosure and auditing 3 requirements for qualifying companies, which would let they go public sooner by reducing costs and red tape.
In addition, in the practice of "crowd-funding", startups and small businesses would be allowed to raise money from smaller investors through web-based platforms.
The bill also removed Securities and Exchange Commission regulations preventing small firms from using advertisements to lure 4 investors.
Obama highly praised the bill on Thursday, saying it was a " useful and important" step toward removing barriers to job creation.
However, some critics considered the bill as a step backwards 5 to financial regulation reform, adding it would reduce the government's protection to investors.
n.投资者，出资者( investor的名词复数 )
- a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
- a cash bonanza for investors 投资者的赚钱机会
adv.高效率地，有能力地
- The worker oils the machine to operate it more efficiently.工人给机器上油以使机器运转更有效。
- Local authorities have to learn to allocate resources efficiently.地方政府必须学会有效地分配资源。
n.审计，查账，决算
- Auditing standards are the rules governing how an audit is performed.收支检查标准是规则统治一个稽核如何被运行。
- The auditing services market is dominated by a few large accounting firms.审计服务市场被几家大型会计公司独占了。
n.吸引人的东西，诱惑物；vt.引诱，吸引
- Life in big cities is a lure for many country boys.大城市的生活吸引着许多乡下小伙子。
- He couldn't resist the lure of money.他不能抵制金钱的诱惑。
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