On July 10^th, the Securities and Exchange Commission will hold an Open Meeting at 10:00 a.m. at the SEC Headquarters Auditorium Room L-002 located at 100 F Street NE in Washington, D.C. to discuss the JOBS Act.

Subject matters include:

• Consideration to adopt amendments to eliminate the prohibition against general solicitation and general advertising in certain securities offerings conducted pursuant to Rule 506 of Regulation D under the Securities Act and Rule 144A under the Securities Act.

• Consideration to propose amendments to Regulation D, Form D and Rule 156 under the Securities Act, which are intended to enhance the Commission’s ability to evaluate changes in the market and to address the development of practices in Rule 506 offerings.

• Consideration to adopt amendments that will disqualify securities offerings that involve “felons and other ‘bad actors’” from reliance on the exemption from Securities Act registration pursuant to Rule 506 as mandated by Section 926 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Once adopted, the rules will permit sponsors of EB-5 pooled investment vehicles to engage in general solicitation of investors and advertise their private offerings under certain terms and conditions, including a requirement that all purchasers in the offering are accredited investors. The sponsor must also take reasonable steps to verify that all investors are in fact accredited.