The House is expected this week to vote on the Jumpstart Our Business Startup Act (JOBS Act) which, if enacted, would encourage entrepreneurship and bolster new business formation. A legislative package of six bipartisan bills, the JOBS Act, will not only ease compliance and costs for entrepreneurs and small businesses but would also make it much easier to raise capital during a critical period in our nationís economic recovery.
Included in the JOBS Act, and of particular interest to NSBA, are several measures designed to spur innovation, bolster job creation, and promote long-term economic growth. NSBA has registered support for four of these bills: the Entrepreneur Access to Capital Act (H.R. 2930), the Access to Capital for Job Creators Act (H.R. 2940), the Small Company Capital Formation Act of 2011 (H.R. 1070), and the Reopening American Capital Markets to Emerging Grwoth Companies Act (H.R. 3606).
To help provide additional insight on the aforementioned bills, NSBA has compiled three documents: 1) a detailed analysis of crowdfunding legislation; 2) a side-by-side comparison of the various proposals; and 3) a letter to the Senate urging their support of these measures.
Given that all of these measures have strong bipartisan support, the House is expected to pass this legislation which will then put pressure on the Senate to take up these issues sooner rather than later.
Please take a few moments now to urge your Senators to support enhancing capital access for small business.