On the recordMarch 7, 2012
I thank the gentleman for yielding. I want to thank my colleague, Mr. Carney, for his hard work and his staff for helping work on something good for the country, for the private sector, getting people back to work. That's what we were sent here to do. I'm pleased to be the lead sponsor on H.R. 3606, the Jumpstart Our Business Startups Act. Today, according to the Bureau of Labor Statistics, the unemployment rate is currently 8.3 percent. However, in December of last year, all but one of the counties I represent had a higher unemployment rate than the national average of 8.5 percent. At the top of the list was Obion County, with an unemployment rate of 15.3 percent, and Crockett County, where I live, 10.5 percent. It is no secret that our Nation has seen a decline in small business start-ups over the last few years, which means less jobs created for American workers. I think we all can agree that small businesses and entrepreneurs are the backbone of our Nation and our economy. The heartbeat of America is in the heartland of America, not here in Washington. The best thing our government can do right now to get our economy moving in the right direction is to help create an environment where new ideas and start-up companies have a chance to grow and succeed. The provisions in the JOBS Act will put the focus on the private sector, capitalism, and the free market, providing the jump- start our Nation's entrepreneurs need.…





