For Immediate Release
July 17, 2018
Congresswoman Tenney Votes in Favor of the JOBS and Investor Confidence Act of 2018
Washington, D.C.— Today, Congresswoman Claudia Tenney (NY-22) voted in favor of House Amendment to S. 488, the JOBS and Investor Confidence Act of 2018. This bill removes many of the costly regulatory barriers that prevent companies from going public. Encouraging an increase in public listings allows everyday retail investors the opportunity to partake in economic growth and fuel savings for retirement or a child’s education.
Washington’s top-down regulatory approach cut off access to financing for small businesses, reducing growth and making it so that investors, including those with pensions, 401(k)s and similar retirement plans, are not able to take part in this prosperity. This bill ensures burdensome federal regulations stifling access to capital are eliminated.
“The JOBS Act gives small businesses the ability to expand and actively compete in a 21st-century economy by eliminating stifling Washington regulations,” said Congresswoman Claudia Tenney. “Small businesses constitute for 99% of all enterprises and create nearly 70% of all new jobs. It is vital that we begin to chip away at the excessive and outdated regulations governing these businesses. This legislation will also attract investment that local businesses need to grow and create jobs. If the U.S. wants to compete, we must modernize our capital markets and give small businesses in the 22nd District and across America the resources and flexibility to grow.”