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FAST Act Amends JOBS Act

On December 4, 2015, President Obama signed into law the Fixing America's Surface Transportation Act, known as the "FAST Act." Continuing the theme of somewhat incongruous acronyms, the FAST Act amends aspects of the JOBS Act by including a number of provisions designed to further facilitate capital raising by emerging growth companies (EGCs) and secondary trading in privately-placed securities, and to modernize certain public company disclosure requirements. The key securities law provisions of the FAST Act are summarized below.

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