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H.R. 3606 (112th): Jumpstart Our Business Startups

Mar 22, 2012 at 12:59 p.m. ET. On Passage of the Bill in the Senate.

This was a vote to pass H.R. 3606 (112th) in the Senate.

The Jumpstart Our Business Startups Act, or JOBS Act, is a law intended to encourage funding of small businesses in the United States by easing many of the country's securities regulations. It passed with bipartisan support, and was signed into law by President Barack Obama on April 5, 2012. Title III, also known as the CROWDFUND Act, has drawn the most public attention because it creates a way for companies to use crowdfunding to issue securities, something that was not previously permitted. Title II went into effect on September 23, 2013. On October 30, 2015, the SEC adopted final rules allowing Title III equity crowdfunding. These rules went into effect on May 16, 2016. Other titles of the Act had previously become effective in the years since the Act's passage.

This summary is from Wikipedia.

Source: Wikipedia

Totals

All Votes D R I
Yea 74%
 
 
 
73
26
 
46
 
1
 
Nay 26%
 
 
 
26
25
 
0
 
1
 
Not Voting
 
 
 
1
0
 
1
 
0
 

Bill Passed. Simple Majority Required. Source: senate.gov.

The Yea votes represented 67% of the country’s population by apportioning each state’s population to its voting senators.

Ideology Vote Chart

Key:
Democrat - Yea Republican - Yea Democrat - Nay
Seat position based on our ideology score.

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Vote Details

Notes: *Senate Majority Whip’s Vote “Aye” or “Yea”?
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Statistically Notable Votes

Statistically notable votes are the votes that are most surprising, or least predictable, given how other members of each voter’s party voted and other factors.

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Study Guide

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  5. How much of the United States population is represented by the yeas?
  6. GovTrack displays the percentage of the United States population represented by the yeas on some Senate votes just under the vote totals. We do this to highlight how the people of the United States are represented in the Senate. Since each state has two senators, but state populations vary significantly, the individuals living in each state have different Senate representation. For example, California’s population of near 40 million is given the same number of senators as Wyoming’s population of about 600,000.

    Do the senators who voted yea represent a majority of the people of the United States? Does it matter?

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