WASHINGTON – House Republican Conference Chairman and Financial Services Committee Vice Chairman Jeb Hensarling (R-Texas) issued the following statement today in support of H.R. 2930, the Entrepreneur Access to Capital Act, and H.R. 2940, the Access to Capital for Job Creators Act, to enable businesses and entrepreneurs to access more capital to create more jobs.
“The passage of these bills is further evidence that the House Republican Plan for America’s Job Creators is committed to knocking down the regulatory roadblocks standing in between job creators and the confidence and capital they need to do their job. These are just two more House-passed jobs bills that Americans expect the Senate to support and the president to sign.
“Both of these bills are geared toward getting Washington out of the way of our nation’s entrepreneurs and small business people who are eager to expand but find themselves bound by needless red tape that ultimately keeps them from putting Americans back to work.
“You can’t have capitalism without capital. Jobs can’t grow when cash flow slows. America is blessed with the most talented and ambitious entrepreneurs in the world. Why limit their potential and sideline jobs by keeping job-creating capital on the sidelines? House Republicans know that smarter regulations and fewer roadblocks to capital will allow the energy of our private sector to be unleashed and job creation to flourish.
“America’s private sector has historically been our nation’s most effective job-creating engine. There is no reason why burdensome Washington regulations should hinder it, particularly during the worst unemployment streak since the Great Depression. These jobs bills, like the many others that House Republicans have passed so far this year, will help re-invigorate our economy and give the American people the job growth they’ve been waiting for.”