Congressman Dan Benishek (MI-01) today announced his intention to vote for the "JOBS (Jumpstart Our Business Startups) Act" (H.R. 3606). This legislative package is designed to create jobs by making it easier for small businesses to raise capital and grow.
"The JOBS Act contains exactly the kind of commonsense, bipartisan initiatives needed to help move Northern Michigan's economy in the right direction. By making it easier for our small businesses to raise money, job providers in the First District may be able to add an extra worker or two," said Benishek, a general surgeon and Iron River native.
The "JOBS Act" is comprised of several measures already passed in the House or in committees that are intended to remove federal roadblocks preventing many small businesses from obtaining the capital needed to grow. The components of the bill are designed to spur the growth of startups and small businesses, and pave the way for more small-scale businesses to go public and create more jobs.
"This bill utilizes proposals put forth by both parties and supported by the President. During a time when partisan bickering in Washington has reached a fever pitch, it is encouraging to see a pro-growth legislative package that is supported by both parties," added Benishek, a first term representative.
The measures included in the "JOBS Act" have broad bipartisan support from Congress, President Obama, and entrepreneurs like Steve Case, the former Chairman and Founder of AOL and a member of the President's Council on Jobs and Economic Competitiveness.
The Obama Administration has signaled it supports the "JOBS Act." Office of Management and Budget stated on March 6, 2012, "The President is encouraged to see that there is common ground. The Administration looks forward to continuing to work with the House and the Senate to craft legislation that facilitates capital formation and job growth for small businesses and provides appropriate investor protections."