Graves Applauds President's Signature of JOBS Act Into Law

Statement

House Small Business Committee Chairman Sam Graves (R-MO) today issued the following statement on the President signing the Jumpstart Our Business Startups (JOBS) Act of 2012 into law:

"I applaud the President for signing the bipartisan JOBS Act into law. This is further proof that both parties can put aside politics to work together to pass legislation that will boost the economy through helping our nation's most robust job creators -- small businesses. Access to capital continues to be a significant challenge for entrepreneurs and small firms who want to start or grow their business, and this law will help provide solutions to that problem.

"Americans who want to start new businesses currently face many discouraging obstacles that have dampened the entrepreneurial spirit of this country and damaged a critical source of job creation. Since 2007, we've seen a 23 percent drop in new business creation, according to the Bureau of Labor Statistics, and October's annual World Bank's Doing Business report found that the United States fell to No. 13 for ease of starting a business, down from No. 3 in 2007. The JOBS Act will help address our recently declining entrepreneurial track record by providing opportunities, increasing capital formation and paving the way for more small-scale businesses to go public and create more jobs."

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