LEGISLATIVE UPDATE: House Passes Hurt Bill to Help Small Businesses Access Capital and Create Jobs

 

Thursday, September 18, 2014

WASHINGTON, D.C. – Congressman Robert Hurt (R-Virginia) released the following statement after the House passage of H.R. 4, the Jobs for America Act, which combines the text of 15 bipartisan bills passed by the House to improve conditions necessary for economic growth and job creation.  The legislation includes H.R. 1105, the Small Business Capital Access and Job Preservation Act, a bipartisan bill introduced by Hurt in March 2013 that passed the House in December 2013, which will reduce unnecessary regulations that inhibit investments of private capital into small businesses:

 

“As our country has attempted to recover from the economic crisis for the last six years, we have seen time and time again that we need more dynamic growth to decrease unemployment and increase wages.  Virginia’s Fifth District has been among the hardest hit areas and is still experiencing unemployment well above the national average in many localities.  We in the House have taken consistent and repeated action on bipartisan jobs bills for the last four years only to be ignored by our colleagues in the Senate.  They have refused to take up bills that would make it easier for small businesses and family farms to expand and create the jobs we so desperately need.

 

“The legislation passed by the House includes a bill I authored, the Small Business Capital Access and Job Preservation Act, which will reduce unnecessary regulations implemented by Dodd-Frank that inhibit investments of private capital into small businesses, thereby allowing them to innovate, expand, and create jobs. The House passed this bill back in December 2013 with a bipartisan majority, but, like the dozens of other bipartisan jobs bills the House adopted in this Congress, the Senate would not even debate the measure.  Why do they refuse to work with us on commonsense solutions to spur job growth?

 

“The Senate’s failure to even consider the Small Business Capital Access and Job Preservation Act and the dozens of bipartisan jobs bills is holding us back from expanding economic opportunities. At a time when unemployment in Virginia’s Fifth District is as high as ten percent, the Senate must join in the House’s efforts to advance pro-growth solutions.  By combining these 15 jobs bills into one, we are making it easy as possible for the Senate to join us in kick-starting the economy and getting Americans across the country back to work. It is high time they joined us in this crucial effort to promote job creation.  

 

“I thank my colleagues in the House for their support of this commonsense jobs bill, and I urge our colleagues in the Senate to take up the Jobs for America Act and the dozens of other jobs bills that remain stuck there.”

 

Congressman Hurt spoke on the House floor in support of H.R. 4. You may view the video of his remarks by clicking the image below or by clicking here.