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CEA Urges SEC to Implement JOBS Act Immediately

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CEA Urges SEC to Implement JOBS Act Immediately | Business Wire

http://www.businesswire.com/news/home/20120913006511/en/CEA-Urg...

September 13, 2012 03:05 PM Eastern Daylight Time

CEA Urges SEC to Implement JOBS Act Immediately
Crowdfunding Provisions Will Spur Creation of New Companies and Jobs ARLINGTON, Va.--(BUSINESS WIRE)--The following statement is attributable to Gary Shapiro, president and CEO, Consumer Electronics Association (CEA)®, regarding the recent announcement by the U.S. Securities and Exchange Commission (SEC) that it will postpone implementation of the Jumpstart Our Business Startups (JOBS) Act: “With overwhelming bipartisan support, Congress passed the JOBS Act earlier this year. The JOBS Act allows for easier capital creation, like crowdsource funding, for new ventures, and promises to spur the creation of new companies and much-needed American jobs.

“We understand that the SEC has limited resources. However, in today’s economy, our top priority “The recent announcement by the SEC that it will postpone implementation of the JOBS Act until some point next year limits funding of innovative ventures and thus hurts U.S. job creation, must be putting America exports and the economy. This delay contradicts the SEC’s previous statement to Congress in back to work. By enabling which it committed to implementing the crowdfunding provisions of the JOBS Act this summer. easier capital formation, the JOBS Act will create many “We understand that the SEC has limited resources. However, in today’s economy, our top new jobs for U.S. priority must be putting America back to work. By enabling easier capital formation, the JOBS workers.”
Act will create many new jobs for U.S. workers. “Delaying implementation of the JOBS Act will hinder U.S. job creation, economic growth and continued U.S. leadership in innovation. We urge the SEC to implement the JOBS Act immediately.” About CEA: The Consumer Electronics Association (CEA) is the preeminent trade association promoting growth in the $206 billion U.S. consumer electronics industry. More than 2,000 companies enjoy the benefits of CEA membership, including legislative advocacy, market research, technical training and education, industry promotion, standards development and the fostering of business and strategic relationships. CEA also owns and produces the International CES – The Global Stage for Innovation. All profits from CES are reinvested into CEA’s industry services. Find CEA online at www.CE.org, www.DeclareInnovation.com and through social media: https://www.facebook.com/#!/CEAfeed, http://twitter.com/ceafeed, http://blog.ce.org/. UPCOMING EVENTS CEA Industry Forum October 14-17, 2012, San Francisco, CA CEA Research Summit at Industry Forum October 17, 2012, San Francisco, CA CEO Summit and Board Retreat October 17-19, 2012, Sonoma, CA CES New York Press Preview featuring CES Unveiled NEW YORK

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9/14/2012 2:44 PM

CEA Urges SEC to Implement JOBS Act Immediately | Business Wire

http://www.businesswire.com/news/home/20120913006511/en/CEA-Urg...

November 12, 2012, New York, NY CES Unveiled LONDON November 15, 2012, London, UK 2013 International CES January 8-11, 2013, Las Vegas, NV

Contacts
Consumer Electronics Association (CEA) Laura Hubbard, 703-907-4326 lhubbard@CE.org www.CE.org or Laurie Ann Phillips, 703-907-7654 laphillips@CE.org

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9/14/2012 2:44 PM

Description The recent announcement by the SEC that it will postpone implementation of the JOBS Act until some point next year limits funding of innovative ventures and thus hurts U.S. job creation, exports and the economy. This delay contradicts the SEC’s previous statement to Congress in which it committed to implementing the crowdfunding provisions of the JOBS Act this summer.

SOURCE LINK: http://www.businesswire.com/news/home/20120913006511/en/CEA-Urges-SEC-Implement-JOBS-Act-Immediately

Tags: CEA, Crowdfunding, Crowdsourcing, Gary Shapiro, job creation, Jobs Act, US Congress

Posted by Harshida Patel

Sep 14, 2012 07:05 am GMT Viewed 579 times

Author: Consumer Electronics Association (CEA) Source

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