Press Releases

Today, Congressman Bill Huizenga (R-MI), Ranking Member of the Investor Protection, Entrepreneurship, and Capital Markets Subcommittee released the following statement on the 10^th Anniversary of the Jumpstart Our Business Startups (JOBS) Act.

“The JOBS Act gave renewed hope for America’s small businesses, startup companies, and entrepreneurs, by removing red tape and paving the way for new opportunities, said Congressman Huizenga.  “Unfortunately, the gains we have made over the last 10 years are at risk due to President Biden and SEC Chair Gary Gensler’s government knows best agenda. More regulation, more mandates, and more federal spending will only make it more difficult for the next generation of entrepreneurs to achieve the American Dream.

“Congress must build on the work started under the JOBS Act, so small business startups can continue to grow, expand, and create jobs. Last week, my Republicans colleagues and I highlighted several rules by the SEC that ultimately hinder growth and stifle innovation in our capital markets,” continued Huizenga. “As lawmakers, we should be working to create an atmosphere that promotes the free-flow of capital, strengthens job creation, and increases economic growth. Sadly, the Biden Administration simply doesn’t have a vision for economic growth and opportunity. It only understands growing the regulatory state, no matter the cost.”

Background

The JOBS Act was signed into law on April 5^th, 2012 under former President Barack Obama.