Crowdfunding Bill: Good, Bad, and Irrelevant

The Senate right now is debating the JOBS Act, with a full vote expected later this afternoon. Champions of the legislation, including a large number of venture capitalists, argue that it will increase capital access for emerging businesses. Critics believe it is a dangerous rollback of investor protections, including some put in place following the Enron and Worldcom accounting scandals. So who's right? From my perspective, they both are. The JOBS Act is a mishmash of several different initiatives that, ironically, don't directly address employment.