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DC Report: House Passes JOBS Act

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    The House passed a new package of proposals to help small companies

  • Duration 1:29
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The -- 390s -- -- 23 the bill is passed the house passed a new package of proposals to help small companies Republicans call -- the jobs act for jumpstart our business start up.

What this bill does is it provides a real shot in the arm to entrepreneurs small business men and women.

Removes red tape allows.

Small businesses.

An easier time to go about starting up as well as retaining and creating jobs.

The package includes measures that would allow small firms to raise capital by going public more easily and at lower cost.

Another provision would lift a ban on entrepreneurs from soliciting investors through advertising.

And there's a provision to allow more private investors up to 2002.

Investing community banks without SEC registration.

The package got overwhelming bipartisan support.

That includes.

Important reforms that will help small businesses we must also ensure these reforms are actually helping the businesses that need it most.

Our small manufacturers in innovators.

The legislation now goes to the senate for consideration the White House has expressed support for the package.

That's it for this edition of the small business report I'm Peter Barnes Fox Business Network.

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