Access to Capital for Small Businesses
As I travel the district, one thing I repeatedly hear from small business owners is that they don't have access to money they need to expand, grow, and create new jobs. Through the JOBS Act, four important changes were made to help open up capital so that job creators can jumpstart their businesses and get the country back to work.
Below are actions I have taken to help small businesses grow through access to investment capital:
- Co-sponsored and gathered support for the bipartisan JOBS Act which empowered community banks to invest in local companies, encouraged innovative "crowd-funding" to help finance new businesses, helped companies raise capital by recruiting investors, and allowed small companies to better gain access to capital. (H.R. 3606; Status- Signed into Law by the President)
- Held small business roundtable at Zip Fitness in Waukegan to promote bills that specifically increase access to capital for small businesses.
- Co-sponsored a bipartisan bill that empowers community banks to foster economic growth in their communities and boost local small businesses. (H.R. 1697; Status- Introduced in the House of Representatives)
- Co-sponsored a bipartisan bill that enhances communication between local banks and government regulators so that concerns can be addressed in a more timely manner. (H.R. 3461; Status- Introduced in the House of Representatives)
- Co-sponsored a bipartisan bill that allows organizations like Illinois Electric Cooperatives to be protected from excessive regulations that sky-rocket costs. (H.R. 3527; Status- Introduced in the House of Representatives)
- Co-sponsored a bipartisan bill that limits the burden on small businesses from excessive regulations that hinder job growth. (H.R. 3213; Status- Introduced in the House of Representatives)
