WASHINGTON, DCñ Today, Congressman Ted Poe (TX-02) issued the following statement on H.R. 3606, the Jumpstart Our Business Startups (JOBS) Act, which passed the House with overwhelming bipartisan support. The vote was 390-23. This package of six proposals will increase access to capital for businesses by removing some of the unnecessary federal regulations that currently exist.
ìToday the House came together and passed good, bipartisan legislation that will open up new opportunities for small business owners, startups and entrepreneurs, ìsaid Poe. ìEmpowering job creators by removing the federal red tape will both restore certainty and allow businesses to create new jobs. This legislation is a combination of six proposals that reform, streamline and repeal regulations that are currently holding back small businesses and entrepreneurial growth.î
ìAccording to the World Bankís 2012 Doing Business report, the United States ranks #13 in the world in places to Start a Business. We trail countries like Belarus, Macedonia and Rwanda. This is unacceptable. In order to put Americans back to work, we must make the United States a friendly place to do business again. This is a step in the right direction. President Obama supports this legislation; the House supports this legislation, now itís time for the Senate to pass this legislation. The House has passed 27 additional job bills that are awaiting action in the Senate. I hope that the JOBS Act will not be number 28.î