New JOBS Act 4.0

April 20, 2022

Ahead of the 10th anniversary of enactment of the bipartisan Jumpstart Our Business Startups (JOBS) Act, U.S. Senate Banking Committee Republicans unveiled a discussion draft, or “JOBS Act 4.0” to help accelerate economic growth and spur new business formation.

The discussion draft of the JOBS Act 4.0 draft includes nearly 30 pieces of legislation, 24 of which have been introduced as a stand-alone measure, including some with bipartisan support.

The JOBS Act 4.0 will:

  • Encourage companies to be publicly-traded — includes eight initiatives to encourage companies to become publicly-traded, particularly during earlier growth stages, when investors have the chance to earn the highest returns.
  • Improve the market for private capital — includes six initiatives to reduce costs associated with seeking capital by appropriately tailoring regulations for small businesses.
  • Enhance retail investor access to investment opportunities — includes eight initiatives to prevent retail investors from being excluded from certain investment opportunities.
  • Improve regulatory oversight — includes seven initiatives to enhance investor protection and privacy and to update outdated statutory and regulatory provisions.

Committee Republicans will collect feedback on the discussion draft through June 3, 2022. To submit feedback, please email

Click here to read the discussion draft.
Click here for a one page fact sheet on the JOBS Act 4.0.
Click here for a section-by-section.