Several lawmakers are blaming the Securities and Exchange Commission for the lack of implementation of the JOBS Act. "A year ago, it was a landmark day. The biggest rewrite of securities laws in a generation. A year later, we have been frustrated by a Securities and Exchange Commission that needs to get to work," said Rep. Patrick McHenry, R-N.C. The SEC disagrees with that assessment, saying it is just trying to get the rules right.

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