Statement by Congressman Michael McCaul (R-TX) on House passage of the JOBS Act:

“This is a victory for small businesses, entrepreneurs, and startups, allowing primary job creators to do what they do best by easing burdensome regulations so that these companies have better access to capital.

“The actions that this administration has taken, such as spending $1 trillion on a failed stimulus package and the backlog of 3,118 additional proposed regulations on businesses, reinforce that the president’s failed economic policies continue to harm job creators. We cannot help Texans find jobs if we can’t help Texas companies create jobs. This legislation makes it easier for companies to go public and raise money, and gets the governmental red tape out of the way. It is time for the president and Democrats in the Senate to help the House get more Texans andAmericans back to work.”

# # #