The JOBS Act, a piece of legislation designed to make crowdfunding a viable option for startups, has passed the U.S. House of Representatives and now awaits President Obama’s vote.
The bipartisan legislation is already strongly backed by the White House and has support from both major political parties. The JOBS Act passed in the Senate with a 73-26 vote, and the revised bill passed in the House with a 380-41 landslide.
“Bipartisan action on important innovation issues like the JOBS Act shows the American people that Congress and the President can find ways to work together for the better good of the country, even in an election year,” said Timothy Tardibono, Washington D.C. office director for tech and science network Connect.org, in a statement issued this morning.
Founded in 2010, the industry website, Crowdsourcing.org, is a neutral organization dedicated solely
to crowdsourcing and crowdfunding. As one of the most influential and credible authorities in the crowdsourcing space,
Crowdsourcing.org is recognized worldwide for its intellectual capital, crowdsourcing and crowdfunding
practice expertise and unbiased thought leadership.