JOBS Act: President Obama signed into a law the JOBS Act, which in part lightens the reporting requirements on companies with less than $1 billion in total revenue that apply to go public. Here's the text of the act (though it helps to be fluent in Washingtonese to parse it). Here's a nifty WSJ piece about how entrepreneur-investor Kate Mitchell spearheaded the effort. Key element: the act frees companies to make more aggressive use of crowdfunding opportunities via Internet investors. Here's one legal eagle's crib notes on the changes.