On the recordMarch 27, 2012
The proposals contained in the JOBS Act are not political or partisan, as has been mentioned. It comes from the small business community in districts like mine where I meet regularly with local employers who tell me that accessing capital is the hardest part of enduring the current recession. Many of these changes in this bill have bipartisan backing and have been endorsed by members of the President's Council on Jobs and Economic Competitiveness. Today's legislation will enable America's start-up companies--the job engines of our economy--to access the equity markets, not just the debt market. This is a bill that will give investors and emerging growing companies--perhaps a future Google, Apple, or Home Depot--the opportunity to reach investors, cut through the red tape, and overcome the financial barriers to success. I ask my colleagues on both sides of the aisle to support the bill.
