WASHINGTON—Following the overwhelmingly bipartisan passage of the JOBS and Investor Confidence Act, House Speaker Paul Ryan (R-WI) issued this statement:
“This is a big day for American entrepreneurship and job creation. During this Congress, we’ve lifted burdensome regulations off the backs of small banks, credit unions, and small businesses, removing barriers to lending and expansion. It is one reason Americans are better off now.
“This bill builds on that progress by making it easier for small businesses and start-ups to access capital markets for the financing they need. It also updates the process for public offerings, encouraging companies to tap into a pool of potential investors in public markets. These reforms enable innovators to raise capital and serve as catalysts for job creation and growth—igniting an already accelerating economy. I want to thank Chairman Jeb Hensarling for his leadership, and we look forward to the Senate taking action on this consequential bipartisan legislation.”