The Jumpstart Our Business Startups Act or JOBS Act, is a law intended to encourage funding of United States small businesses by easing various securities regulations. It passed with bipartisan support, and was signed into law by President Barack Obama on April 5, 2012... While the JOBS Act itself was passed on April 5, 2012, the two pieces of most importance to much of the Crowd Funding and Start Up community will not go into place until the SEC puts into effect rules that outline how the JOBS Act will be enforced. Despite a mandate to enact rules on Title II within 90 days of April 5, 2012, the SEC did not put out proposed rules until August 29, 2012. The SEC also has a mandate to enact rules under Title III of the JOBS Act within 270 days of April 5, 2012, but are very likely to miss that deadline, some say over concerns by outgoing chairman Mary Schapiro over her legacy. http://en.wikipedia.org/wiki/Jumpstart_Our_Business_Startups_Act
New form of Seed Capital.