I supported the small-business jobs legislation approved by an overwhelmingly bipartisan House vote recently. The JOBS Act --HR 3606--is a package of six bills whose goal is to help smaller, privately-held companies raise capital and take their companies public.
The measure eases Securities and Exchange Commission reporting and regulatory requirements on small businesses looking to raise capital. Relaxing those requirements should give a boost to more initial public offerings (IPOs) and the hiring surge that often follows. Additionally, the bill would permit "crowdfunding' -- using social media and the Internet-- to finance new businesses by allowing companies to accept and pool the issuing of securities up to $1 million without registering with the SEC. The measure also seeks to make other sources of capital more accessible to small businesses.
Innovation is a hallmark of America's free-enterprise system. I believe it is important to pursue policies that recognize and reward small business pioneers.
High level nuclear waste not wanted in Utah
I am fighting to ensure that Utah does not become the de facto permanent storage facility for the nation's "hottest" level of nuclear waste--the spent fuel rods from nuclear power plants.
Here is a letter I sent to Energy Secretary Chu, outlining my questions and concerns on the Blue Ribbon Commission's (BRC) final report on long-term spent nuclear fuel storage. The report proposes consolidated interim storage while the search for a permanent repository continues. Since Utah's Goshute Indian Reservation remains the only interim site licensed by the Nuclear Regulatory Commission to store this waste, I am concerned it will be chosen for consolidated interim storage. I support the construction of a permanent, safe, scientifically sound permanent repository, but I do not believe the BRC's recommendation goes far enough to achieve that goal.
As always, I welcome your opinions and comments. Please take just a moment to respond to the following brief survey.
2nd District of Utah