Congressman Chris Smith (NJ-04) today voted for passage of the Jumpstart Our Business Startups Act or JOBS Act, a package of six bipartisan proposals that are specifically designed to increase capital and growth opportunities for small businesses and create jobs for the unemployed and under-employed.
"Creating new jobs and boosting the economy remain a number one priority for the entire nation," Smith said. "Enactment of the JOBS ACT--bipartisan legislation--will spur real job growth and put people back to work."
Small business owners employ over 50 percent of the U.S. private workforce and have generated two of every three new jobs over the past two decades. They can help improve a sustained job market and spark a recovery. Some of the proposals incorporated into the new JOBS Act, had already passed the House but stalled in the Senate, while some have garnered bipartisan support in their respective committees.
"It is hoped that combining these initiatives--that have a clear emphasis on job creation and creating a better environment for American entrepreneurship--will help break the log jam on the Senate side and lead to enactment," Smith said.