Mr. CANTOR. Mr. Speaker, I rise today in support of the Jumspstart Our Business Startups Act.
Our Nation's success has been built by individuals who turn innovative ideas into small businesses. By taking risks and working hard, our small business owners drive the majority of job creation in this country.
Right now it's just too difficult to start up a business. The threat of higher taxes and increased regulations has small businessmen and -women and entrepreneurs frozen in their tracks. Small businesses and start-ups simply do not have the bandwidth to comply with Washington's redtape, and yet they are the ones we're counting on to create jobs.
Mr. Speaker, the JOBS Act will get small businesses and entrepreneurs back into the game by removing costly regulations and making it easier for them to access capital. This legislation also paves the way for more start-ups and small businesses to go public, which will attract new investors and will allow small businesses to grow and create jobs.
In his State of the Union address, President Obama asked Congress to send him a bill that helps start-ups and entrepreneurs succeed. The JOBS Act that we'll be voting on today does exactly that. Our bill brings together commonsense measures that have bipartisan support here in Washington and from business leaders across the country, including former AOL chairman and founder Steve Case.
Mr. Speaker, I would like to recognize my colleagues who have worked on the JOBS Act, including Congressman Stephen Fincher, Whip Kevin McCarthy, Congressman David Schweikert, Congressman Ben Quayle, Congressman Patrick McHenry, Congressman John Carney, and many of my colleagues on the other side of the aisle.
Let's build on this bipartisan momentum, Mr. Speaker. This week, President Obama offered his support for the JOBS Act. I strongly urge Senator Reid to take up this bill as quickly as possible and let's just get it to the President's desk.
Mr. Speaker, the American people want to see us get something done and produce results. With the JOBS Act, we do have a window of opportunity for both parties in Washington to come together and produce results. We must make sure America remains the place where extraordinary success can be achieved by individuals who are willing to take risks and work hard.