Congressman John Kline issued the following statement today after supporting the "Jumpstart Our Business Startups (JOBS) Act," (H.R. 3606), which passed the House of Representatives in a bipartisan manner:
"As I visit with Minnesota workers and small business owners, the biggest concern I continue to hear is that federal government regulation is the biggest obstacle to job growth.
"Earlier today, I supported the Jumpstart Our Business Startups (JOBS) Act, legislation that will encourage job growth by removing regulations impeding small businesses and startups. This bipartisan measure will increase capital formation, spur the growth of startups and small businesses, and pave the way for small-scale businesses to create more jobs. Just as important as what this bill does is what it does not do: it does not trigger more government borrowing, it does not spend billions of dollars we don't have, and it does not violate our free market principles.
"As my colleague Tom Price of Georgia said earlier today, 'The key to strong and lasting economic growth and recovery is rooted in free enterprise and the ability of small businesses to prosper.'
"I could not agree more. I encourage the Senate to quickly pass the JOBS Act and send it to the President, who has already endorsed it, so small businesses can receive the certainty they need to put Americans back to work."