[Congressional Record Volume 158, Number 38 (Thursday, March 8, 2012)]
[Extensions of Remarks]
[Page E339]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                  JUMPSTART OUR BUSINESS STARTUPS ACT

                                 ______
                                 

                               speech of

                       HON. EDDIE BERNICE JOHNSON

                                of texas

                    in the house of representatives

                        Wednesday, March 7, 2012

       The House in Committee of the Whole House on the state of 
     the Union had under consideration the bill (H.R. 3606) to 
     increase American job creation and economic growth by 
     improving access to the public capital markets for emerging 
     growth companies:

  Ms. EDDIE BERNICE JOHNSON of Texas. Mr. Chair, the House today will 
vote on the final passage of H.R. 3606, the Jumpstart Our Business 
Startups (JOBS) Act. While there is no doubt that this Congress must 
work to create jobs and support small businesses, we must ensure that 
any attempts to do so are targeted in a manner that directly benefits 
the American people, and prevents the outsourcing of jobs.
  With unemployment just above eight percent, it will take a 
coordinated effort at all levels of government to create jobs and rein 
in the high unemployment rate. Addressing the estimated 2.9 million 
jobs that were eliminated from the U.S. economy and added overseas by 
multinational corporations should be a critical component of any piece 
of legislation that leaves this chamber.
  Creating and retaining jobs in the United States has always been a 
top priority of mine, and I will only support legislation that keeps 
the American people at the center of its focus. In Texas, I've brought 
critical infrastructure investments to Dallas that have not only 
strengthened our roads and bridges, but more importantly brought 
skilled and hardworking Americans back into the labor force. 
Ultimately, my concern for the well-being of the American people will 
remain at the core of any considerations I make.
  The Democratic Members of Congress have demonstrated their unwavering 
commitment to creating jobs at home and protecting the middle class. I 
am encouraged to finally see that my Republican colleagues are 
beginning to understand the merits of this commitment, and have 
refocused their efforts on these critical issues. The JOBS Act is just 
one step we can take to bolster our economy, and I hope to see 
increased efforts to address the persistent outsourcing of American 
jobs emerge from this legislation.

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