Cole Praises Passage of JOBS Act

WASHINGTON, D.C. – Congressman Tom Cole (OK-04) released the following statement after the House passed the the Jumpstart Our Business Startups (JOBS) Act – legislation to increase access to capital, spur the growth of startups and small businesses, and make it easier for more small-scale businesses to go public and create more jobs:

"The JOBS Act is the right solution to decrease unemployment because it recognizes that job growth is driven by the private sector, not by the federal government. This bipartisan legislation removes the barriers that prevent small businesses and start-ups from hiring.

"Small businesses create most of the new jobs in our country, yet they are the most vulnerable to excessive costs and regulations imposed by the government. The JOBS Act will get government out of the way and let American entrepreneurs thrive."