It was hailed as a plan to jump-start the US economy and was feared by European bankers as a drain on their new issues market.
But the US Jobs Act, signed into law by President Barack Obama on April 5 last year, has lived up to neither expectation.
Jury still out on weight of the US Jobs Act
A plan to boost US employment by offering small companies easier access to capital markets has yet to prove decisive
It was hailed as a plan to jump-start the US economy and was feared by European bankers as a drain on their new issues market.
But the US Jobs Act, signed into law by President Barack Obama on April 5 last year, has lived up to neither expectation.