"How to Wreck a Law: How the SEC Thwarted the Will of Congress and the President with Crowdfunding," Heritage Action
In an article published by Heritage Action on October 6, 2016, Jonathan B. Wilson provides insight on the intention of the 2012 Jumpstart our Business Start-ups Act (JOBS). The JOBS Act was supposed to make it easier for startups to raise capital from investors through stock offerings conducted over the internet. Mr. Wilson explains how crowdfunding was supposed to work and how the SEC delayed implementation of the law for more than three years. All of this demonstrates how the federal bureaucracy can, both intentionally and unintentionally, implement laws in ways that run contrary to the intentions of the elected politicians who are supposed to write the laws. For the full article, you may visit the Heritage Action website.