The law makes it easier for startup companies (particularly tech companies, whose lobbyists were a driving force behind its passage) to attract capital by, among other things, exempting them from independent accounting requirements for up to five years after they first begin selling shares in the stock market.
Correct! If Groupon started today we would still be at least a year and half away from having any chance at all to discover their fraudulent accounting, and their stock would probably be at $1000/share.
