Lungren votes for a pro-growth jobs bill

Today Congressman Dan Lungren (R-Gold River, CA) voted to increase the growth of startups and small businesses, increase capital formation,  and pave the way for more small-scale businesses to go public and create new jobs.
The bi-partisan JOBS (Jumpstart Our Business Startups) Act – H.R 3606, passed the house by a vote of 390 - 23.
Congressman Lungren released the following statement after the vote:
“Americans need jobs and today’s passage of the JOBS Act will help accomplish this goal. Small businesses are the risk takers that drive job creation across America and I voted to give them the tools they need to succeed.
 “I was pleased to hear the President himself supported this legislation along with  the U.S. Chamber of Commerce, the American Bankers Association, the Financial Services Forum, the Small Business and Entrepreneurship Council, Independent Community Bankers of America, SecondMarket and SIFMA.
“This common sense legislation will remove Washington red tape and help small business prosper - not stand in their way. The JOBS Act specifically addresses the following;

 

• -reduce the regulatory costs of going public so that smaller companies can go public sooner;
• -allow small companies to advertise or solicit investors to obtain capital;
• -allow entrepreneurs to raise equity capital from a large pool of small investors, i.e. crowdfunding;
• -remove barriers to capital formation for small companies by modernizing shareholder thresholds adopted in 1964;
• -strengthen community banks to make more loans.

 “I will continue to support any and all legislation that creates jobs for my constituents and all Americans. I hope Senator Reid will bring the JOBS Act up for a vote as soon as possible.”