WASHINGTON, D.C. – Today, U.S. Senator Jerry Moran (R-Kan.), released the following statement after Senate passage of the Jumpstart Our Business Startups (JOBS) Act, H.R. 3606, by a vote of 73 to 26. Because the bill was amended by the Senate, it must now move back to the House of Representatives for consideration.

“Research shows that young companies less than five years old accounted for nearly all net job creation in the United States from 1980 to 2005. That’s why I am pleased Democrats and Republicans were able to put their differences aside and pass the JOBS Act – legislation focused on making it easier for entrepreneurs and small companies to raise the capital needed to grow. But with unemployment above 8 percent for the 37th straight month, Congress must do more to help entrepreneurs start businesses and for those new businesses to grow more quickly.

“Sen. Warner and I have introduced legislation called the Startup Act, which is based on a simple premise: the easier it is for creative individuals to take risks and start a business, the more jobs will be created. The Startup Act would create tax incentives that will spur investment in startups, further reduce the regulatory barriers that make it harder for startups to grow, and keep highly-skilled, American-educated workers here in the United States where their talents and new ideas can fuel economic growth.

“These are bipartisan ideas that deserve serious consideration in Congress. I ask my colleagues to work with me to pass these additional measures that would empower entrepreneurs to create jobs and jumpstart our economy. We can no longer let politics prevent us from taking the important steps our economy and out-of-work Americans sorely need.”

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