July 17, 2018

New Democrat Coalition Chair Statement on JOBS and Investor Confidence Act of 2018

Today, the House of Representatives passed the House amendment to S. 488, the JOBS and Investor Confidence Act of 2018. S. 488 would accomplish four main goals: facilitate access to capital for small businesses and start-ups; increase protections for consumers and investors; help counter drug and human trafficking; and promote financial stability.

New Democrat Coalition Chair Jim Himes (CT-04) issued the following statement on the bill:

“Small businesses and start-ups, and the entrepreneurs who lead them, are the engines that help drive our economy. This legislation will expand opportunities for innovators with good ideas to raise capital, start and expand businesses, and create jobs.

Further, this bill is an example of how Congress can and should work together constructively on solutions to strengthen our economy.”

New Dem Members have been leading advocates in passing and implementing legislation like The Jumpstart Our Business Startups (JOBS) Act. Passed in April 2012, the JOBS Act makes it easier to create a startup and increases opportunities for entrepreneurs to raise capital and eventually go public with their companies. The JOBS and Investor Confidence Act of 2018 has been touted as the third iteration of the Jumpstart Our Business Startups Act of 2012. Just like the first and second JOBS Act packages, S. 488 has been carefully crafted with strong bipartisan support.