On May 23, 2012, U.S. Senator Jerry Moran delivered remarks on the floor of the U.S. Senate on his new bipartisan job creation plan, Startup Act 2.0. Startup Act 2.0 picks up where the JOBS Act left off by doing more to jumpstart the economy and create an environment in which entrepreneurs can succeed. Research has shown that for close to three decades, companies less than five years old have created almost all of the net new jobs in America—averaging about 3 million jobs each year. Startup Act 2.0 creates new opportunities for American-educated, entrepreneurial immigrants to remain in the U.S. where their talent and ideas can fuel growth and create American jobs. The bill also alleviates regulatory burdens that make it more difficult for businesses to expand and create jobs. Finally, Startup Act 2.0 makes changes to the tax code to encourage investment in startup companies.