JOBS Act: Jumpstart Our Business Startups

The JOBS (Jumpstart Our Business Startups) Act is a legislative package designed to jumpstart our economy and restore opportunities for America's primary job creators: our small businesses, startups, and entrepreneurs. These bipartisan measures will increase capital formation, spur the growth of startups and small businesses, and pave the way for more small-scale businesses to go public and create more jobs. The JOBS Act represents an opportunity for both parties to work together and deliver results on areas of common ground that boost small businesses, startups, and entrepreneurs.

These measures have broad bipartisan support from Congress, President Obama, successful entrepreneurs like Steve Case (the former Chair and Founder of AOL and a member of the President's Council on Jobs and Economic Competitiveness), and a broad coalition of startups and small and large businesses. The list of JOBS Act supporters includes the U.S. Chamber of Commerce, the American Bankers Association, the Financial Services Forum, the Small Business and Entrepreneurship Council, the Independent Community Bankers of America, and the SVB Financial Group. Additionally, SecondMarket and SIFMA support key provisions within the JOBS Act.

UPDATE: The JOBS Act has been signed into law. The House passed the JOBS Act in a 390-23 vote. Click here to see how your Representative voted.

Key Points of the Plan

Enable Startups to Gather Investors Through Crowdfunding:

  • H.R. 2930, introduced by Representative Patrick McHenry
  • Approved by the House 407-17

Allowing Small Businesses to Advertise for New Investors:

  • H.R. 2940, introduced by Majority Whip Kevin McCarthy
  • Approved by the House 413-11

Encourage Investment in Small Businesses by Removing Red Tape:

  • H.R. 1070, introduced by Representative David Schweikert
  • Approved by the House 421-1

Increase Investment Capital Access for High-Growth, Job-Creating Small Businesses:

  • H.R. 3606, introduced by Representative Stephen Fincher
  • Approved by Financial Services Committee 54-1

Ensure Small Companies Have More Time & Flexibility to Grow:

  • H.R. 2167, introduced by Representative David Schweikert
  • Approved by Financial Services Committee Voice Vote

Strengthen Community Banks So They Can Invest in More Local Entrepreneurs:

  • H.R. 4088, introduced by Representative Ben Quayle
  • House Version of S. 1941, which has bipartisan support

Get The Documents PDFs

The Full Jobs Plan

GOP Health Care Reforms

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