Ann Wagner: “I want to thank the sponsor of this legislation, Mr. Womack of Arkansas, as well as my Democrat colleagues, Mr. Himes of…”

“I want to thank the sponsor of this legislation, Mr. Womack of Arkansas, as well as my Democrat colleagues, Mr. Himes of Connecticut and Mr. Delaney of Maryland, for their work on this important issue. I also want to thank the chairman of the subcommittee for his very hard work in getting this bill to the floor today. Mr. Speaker, the JOBS Act was a big win for the American economy. Since the law was passed a year and a half ago, a number of American businesses, including more than 40 biotechnology companies, as well as companies such as Kayak and Twitter, have gone public using provisions of the JOBS Act. Additionally, dozens of community banks across the country have already taken advantage of the updated SEC registration thresholds which made up title VI of the JOBS Act. Perhaps most encouraging is the frenzy of activity we have been seeing from entrepreneurs around the country, whether it is small technology startups lining up at the gate to begin crowdfunding or small businesses being able to share their story with more investors, now that they are allowed to advertise. We certainly see this kind of activity in the greater St. Louis region, which has become a major hub of innovation. {time} 1315 This is exactly what the JOBS Act was intended to do: allow entrepreneurs and small businesses to focus on innovating and creating jobs, not only complying with outdated government regulations.…”