[Congressional Record Volume 158, Number 48 (Thursday, March 22, 2012)]
[Senate]
[Page S1957]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                                JOBS ACT

  Mr. McCONNELL. Mr. President, later today the Senate will take up and 
attempt to pass the JOBS Act. So we find ourselves once again on the 
cusp of passing a bipartisan jobs package that will make it easier for 
entrepreneurs and innovators to get the capital they need to build 
businesses and create jobs.
  As I said yesterday, this bill had overwhelming bipartisan support 
over in the House. Nearly 400 Members voted for it, and the President 
himself says it will create jobs. He supports it, and he would sign it 
when we get it to him.
  Yet for some reason some in the Democratic-controlled Senate seem 
intent on slowing it down. Others want to essentially take a step 
actually backward and undermine a critical provision sponsored by 
Senators Toomey, Carper, and Hutchison included in the House bill, and 
that was just this week, endorsed by the SEC's Forum on Small Business 
Capital Formation. The Reed amendment could subject thousands of 
businesses to SEC regulation unnecessarily, and the Senate should 
reject it.
  So, once again, I ask them to reconsider. Let's put politics aside 
and pocket this important bipartisan jobs bill.
  The JOBS Act is a great example of the type of legislation we should 
all be able to agree on, and there is simply no good reason for delay. 
Let's get this done. Let's get it to the President's desk and have him 
sign it into law.

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