Congressman Rick Berg today joined the House is passing the Jumpstart Our Business Startups (JOBS) Act, a bipartisan legislative package designed to jumpstart the economy and restore opportunities for America's small businesses. The JOBS Act was passed with overwhelming bipartisan support, by a vote of 390 -- 23.
"In visiting with small businesses across North Dakota and as someone who has started a small business, I understand how senseless regulatory barriers and bureaucratic hoops can stand as road blocks to business growth and job creation. With national unemployment remaining unacceptably high, small businesses should empowered to invest and create jobs, not held back by red tape," Berg stated. "The bipartisan JOBS Act will spur economic growth by making it easier for start-ups to grow and create jobs and allowing our small businesses to invest in local economies. I strongly urge the Senate to support the job-creating legislation approved by the House today and pass it quickly."
The JOBS Act is a compilation of bipartisan House bills that will provide real solutions to encourage job growth by removing several regulations that hold back small businesses and startups.
The bipartisan measures that make up the JOBS Act will increase capital formation, spur the growth of startups and small businesses, and pave the way for more small-scale businesses to go public and create more jobs.
A member of the House Ways and Means Committee, Berg has worked to limit government regulation on American small businesses by co-sponsoring the REINS Act and the TRAIN Act, which requires all new regulations to receive approval from Congress and would ensure that the costs of all new regulations are assessed before implementation. Berg also serves as a member of the Congressional Job Creators Caucus.