Congress Cooperates on Small Business Jobs Bills
March 1, 2012 Leave a comment
In a rare sign of bipartisanship, Congressional Republicans and Democrats are moving forward with a group of widely supported jobs bills, aimed at improving capital formation for small businesses and spurring the growth of startups.
House Majority Leader Eric Cantor, D-Va., introduced the JOBS (Jumpstart Our Business Startups) Act on Tuesday, a legislative package of several bills that have already been approved by different committees and in some cases the full House.
Cantor announced the package with a group of lawmakers and small business owners. “It is a compilation of bills, some of which have been voted on the floor of the House with heavy bipartisan support,” he said. “These are bills which also reflect the work of the President’s Jobs Council. Today, the White House has said we need to get started jumpstarting our business startups, and that is exactly what the bill does. Many of the members who are here have bills in the package. The bills range from increasing the ability for small businesses to access capital, to bills which reduce the regulatory burden on startup businesses and allow them to flourish and grow. That’s what we believe is the secret to the success of growing this economy, it is to get the small business engine started again.