On March 27, 2012, the US House of Representatives approved the Jumpstart Our Business Startups Act in the form previously approved by the Senate. The Administration has indicated that the President will sign the Act into law this week. The Act significantly eases the initial public offering process in the United States for emerging growth companies with gross annual revenues of less than $1 billion. The Act exempts these companies from many required executive compensation disclosures and the obligations to hold “say-on-pay” and “say-on-golden parachute” votes.
