Congressman Jeff Fortenberry today voted for the bipartisan Jumpstart Our Business Startups (JOBS) Act, legislation that increases small businesses' access to capital and provides new opportunities for entrepreneurs. The bill passed on a vote of 390 to 23.
"The strength of our nation's economy depends upon the strength of our small businesses," Fortenberry said. "Small business entrepreneurs create new jobs in their communities and help diversify local economies. The measures in this bill improve the conditions in which small businesses can grow and expand."
The JOBS Act consists of a series of measures, including the Small Company Capital Formation Act, the Access to Capital for Job Creators Act, the Entrepreneur Access to Capital Act, the Private Company Flexibility and Growth Act, and the Capital Expansion Act. These policies are designed to allow small business owners greater access to capital for purposes of growth and expansion.