The Jumpstart Our Business Startups (JOBS) Act, HR 3606, passed the House this afternoon with the support of House Republican Conference Secretary John Carter-- legislation to help expand private capital investment in small businesses and provide more American entrepreneurs with the opportunity to grow and create jobs. The bill passed the House by a wide bipartisan margin of 390-23. All Republicans voted yes; 23 Democrats voted no.
"This is an exciting day to actually pass a jobs bill that can become law," says Carter. After having dozens of House-passed jobs bills blocked by the Senate during this session, it is a relief to finally succeed with investment incentives to create new private sector jobs."
HR 3606 removes regulatory hurdles for small and emerging companies to allow easier access to investment capital to create new jobs.