Obama signs pro-small business bill
President Obama signed into law H.R. 3606 on April 5, 2012, the "Jumpstart Our Business Startups Act."
The bill provides for Federal securities law exemptions intended to ease access to capital and investments for emerging growth companies. The bill, originally proposed by Stephen Fincher, a Republican Congressman from Tennessee, will help small businesses and entrepreneurs stimulate our nation’s small businesses in creating jobs.
“This will kickstart small business growth during our economic recovery,” says Tire Industry Association (TIA) Executive Vice President Roy Littlefield.
“The bill will make it easier for small firms to raise capital to expand or start new ventures. This bill is one advantage to an election year where both parties want to be perceived as supporting small businesses.”
The bill will enable small companies to raise capital, often through the Internet to get venture capital so they can expand their capital outlays for new facilities. The new law gives a greater opportunity for friends of entrepreneurs and the average person to capitalize on start-up companies opening and not keep venture capital in the realm of the most wealthy.