Jobs Act:
Signed by President Obama in 2012 - activated in 2013

You can use your own money anyway you want
which make it possible for entrepreneurs to start or
expand their own small business.

Widespread fraud led to the Great Recession making
it necessary for the Securities Exchange Commission
(SEC) to impose regulations restricting entrepreneurs'
ability to pitch business ideas to the public.

Most business startups need lots of capital.

Crowdfunding makes it possible for entrepreneurs to
legally solicit capital from members of their social network.