U.S. Rep. Ron Barber Supports to Cut Red Tape for Job Creators and Help Small Businesses Grow
Press Release
U.S. Rep. Ron Barber today joined his Republican and Democratic colleagues to support a robust package of pro-business bills that will promote job creation and reduce burdens on U.S. small businesses.
"Southern Arizona businesses need two things to grow and succeed -- better access to capital and less red tape," Barber said. "I am proud to join with both Republicans and Democrats and support this legislation that will drive growth in our local economies and ease regulatory burden on job creators."
H.R. 5405, the Promoting Job Creation and Reducing Small Business Burdens Act, is a package of 11 small business capital formation bills with bipartisan support. It passed the House today on a vote of 320-102.
The package cuts bureaucratic red tape for emerging job creators, improves the ability of companies to access capital through publicly-traded markets, facilitates and streamlines the Security and Exchange Commission's filing process for companies and reduces regulatory burdens on Small Business Investment Companies that invest exclusively in domestic small businesses.
The legislation is supported by the U.S. Chamber of Commerce, the Small Business Investor Alliance, the Biotechnology Industry Organization, the Association for Corporate Growth and the Independent Community Bankers of America.
H.R. 5405 includes the following bills:
H.R. 634, Business Risk Mitigation and Price Stabilization Act
H.R. 677, Inter-Affiliate Swap Clarification Act
H.R. 801, Holding Company Registration Threshold Equalization Act
H.R. 2274, Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act
H.R. 3448, Small Cap Liquidity Reform Act
H.R. 3623, Improving Access to Capital for Emerging Growth Companies Act
H.R. 4164, Small Company Disclosure Simplification Act
H.R. 4167, Restoring Proven Financing for American Employers Act
H.R. 4200, SBIC Advisers Relief Act
H.R. 4569, Disclosure Modernization and Simplification Act
H.R. 4571, Directs the Securities and Exchange Commission (SEC) to revise its rules so as to increase the threshold amount for requiring issuers to provide certain disclosures relating to compensatory benefit plans
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