Wagner's Bipartisan Job Growth Bill Passes House

Interview

Today, the U.S. House of Representatives passed the Accelerating Access to Capital Act (HR 2357), sponsored by Congresswoman Ann Wagner (R-MO-02), with a 236-178 vote. The Accelerating Access to Capital Act amends the Securities Exchange Commission's registration process for additional capital, reducing this regulatory burden on small companies and allowing them to allocate more resources toward growth and job creation.

"I am thrilled we are continuing to reduce unnecessary regulatory burdens on American companies. This legislation will allow small businesses to expand, create jobs, and better compete in the marketplace," said Congresswoman Wagner. "I talk with small business owners across Missouri's Second District every day, and it is clear that big government regulations continue to suffocate our businesses and families. We must provide opportunities to restore access to capital that the Obama Administration has spent years trying to block."

Fuel Performance Solutions, a small business in St. Louis, conducted an internal study and found that instead of filling out a 100-page registration form, which takes about 4-6 weeks to complete, this legislation will allow them to fill out a 20-page form, which only takes 2 days to complete. As a result, they would incur less legal, accounting, and investment banking fees and save $225,000.

Earlier today, Congresswoman Wagner spoke on the positive impact this legislation will have on businesses across the country

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