Kansas Common Sense: Increasing Access to Capital for Startup Businesses

Statement

On Tuesday I participated in a Senate Banking Committee hearing on ways to increase capital access for startup businesses. Much of my time these days is devoted to finding ways to encourage job creation by small businesses, startups and entrepreneurs. History has shown that these are the true job creators in our economy and if Congress cannot unshackle them from unnecessary regulation and burdensome taxes, we will continue this stagnant economic recovery. The Banking Committee hearing focused attention on six pieces of legislation designed to reform outdated portions of our securities laws which require firms looking to raise money to register with the Securities and Exchange Commission--a costly process of arguable value to investors. Click here to watch a video clip from the hearing.

On Thursday, the House of Representatives overwhelmingly passed legislation similar to that which I support in the Senate and I am dedicated to finding a way for the Senate to send this bipartisan job creation package to President Obama for his signature.

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