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Public Statements

Number of Jobs Bills Waiting in Senate Rises to 20


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This week, the House passed more legislation to help businesses grow and create jobs. We passed multiple bills to update regulations at the Securities and Exchange Commission so that businesses can have more access to capital. H.R. 1070 updated one program that had never been indexed for inflation, meaning that it was only open to smaller and smaller businesses over time. H.R. 2940 changed another rule to allow small companies to use ads to solicit investors. H.R. 2930 allows business to use "crowdfunding" to raise capital. This will enable smaller investors to put their money into new ventures. Finally, H.R. 1965 modified rules so that fewer community banks will be subject to costly regulations. Each of these bipartisan bills can play a small role in helping create new ventures.

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