[Congressional Record Volume 157, Number 174 (Tuesday, November 15, 2011)]
[Senate]
[Pages S7422-S7423]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                  CONSIDERING HOUSE-PASSED LEGISLATION

  Mr. McCONNELL. Madam President, over the past few weeks I have 
highlighted some of the good work Republicans in the House are doing in 
identifying jobs legislation that Members of both parties can agree on, 
and I have suggested that the Democratic majority here in the Senate 
follow the lead of House Republicans and take up bipartisan legislation 
that has already passed in the House and pass it here in the Senate. 
The American people want us to do something about jobs. They want us to 
work together. Here is the formula. Let's apply it.
  We made some progress last week with the Veterans bill and the 3-
percent withholding bill, but there is a lot more we could do. The 
House has now passed more than 20 pieces of jobs legislation, many of 
which have companion bills that are ready to go here in the Senate. I 
outlined some of them last week. Why don't we take them up?
  Let's acknowledge the fact that we live in a two-party system and 
that if we are going to make progress, we need to do it on a bipartisan 
basis. That means doing precisely what Republicans in the House have 
been doing for the past year--finding areas where the two parties can 
actually agree and passing bills that reflect those areas of agreement. 
That is how legislation works. It is easy to push partisan legislation 
and then complain, when it doesn't go anywhere, that the other party is 
intransigent. The more difficult job and the one we were sent here to 
do is to work together to find solutions, to accomplish more than 
fodder for campaign ads and bus tours.
  This morning, I would like to call on our Democratic friends again to 
take up these bipartisan House-passed bills. One of these bills, for 
example, makes it easier for businesses to raise the capital they need 
to expand and to create jobs. Senators Tester and Toomey have companion 
legislation right here in the Senate.
  Another one increases the number of shareholders who are allowed to 
invest in a community bank before that bank is required to shoulder 
costly new burdens from the SEC.
  Senators Hutchison and Pryor have companion legislation to this bill 
in the Senate. Senators Toomey and Carper have a bill that would expand 
it, by applying it to businesses other than banks. Let's take them both 
up and let's pass them.
  Two other bipartisan House-passed bills give small businesses a new 
avenue to raise capital and small investors a new opportunity to invest 
in them by allowing small businesses to raise money over the Internet 
and through social media without having to shoulder the same kind of 
regulatory obstacles as big businesses.
  We all know access to capital is one of the key ingredients to 
economic growth. Here is a way to make it easier for folks to get 
capital that also creates new avenues for the little guy to invest--and 
to start hiring. Senators Thune and Scott Brown have companion bills in 
the Senate. Why don't we take them up and pass them?

[[Page S7423]]

  This is the kind of approach we should be taking in the Senate, 
putting aside these great big partisan bills that Democrats know have 
bipartisan opposition and focusing on smaller proposals that can 
actually pass. On their own, these bills will not solve the jobs 
crisis. Frankly, no piece of legislation can, large or small--but they 
will help, and they make it easier for businesses to start hiring.
  They will show the American people something they do not believe we 
do enough of around here; that is, to work together on their behalf. 
This is how divided government works, through real cooperation and a 
search for common ground and solutions. This is what Republicans on the 
joint committee have been trying to do for the past several weeks. It 
is what House Republicans have been doing all year.
  I say let's take up these bills and pass them and then send them on 
down to the President for signature. The administration supports many 
of these House-passed bills. Democrats in the House strongly support 
many of them and Republicans support them overwhelmingly. So let's do 
it. Let's build on the momentum we have from last week after passing 
the 3-percent withholding and the veterans bill, and let's show the 
American people we have hit upon a formula for legislative success 
around here.
  I yield the floor.

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