House Passes JOBS bill, FY2013 Budget and Transportation Bill Prior to District Work Period
Thursday, March 29, 2012 -
Rep. Ken Calvert (R-CA) applauded House Leadership for an aggressive agenda prior to the April district work period that focused on job creation, the FY2013 budget and transportation infrastructure.
“House Republicans have been working hard over the last few weeks to pass legislation vital to the American people such as a jobs bill, a budget and providing for our transportation infrastructure,” said Rep. Calvert. “Under Republican Leadership, the House has returned to regular order and focused singularly on doing the people’s business.”
Last night, the House of Representatives approved the Senate amendment to the Jumpstart Our Business Startups (JOBS) Act. The legislation:
• Eliminates Security and Exchange Commission restrictions that prevent entrepreneurs from raising capital from a large pool of investors;
• Makes it easier for small businesses by increasing the threshold under which companies are exempt from SEC registration;
• Raises the shareholder registration requirement threshold from 500 shareholders to 1,000 shareholders.
Today House Republicans passed the FY2013 Budget, crafted by Chairman Paul Ryan (R-WI) and the Budget Committee, on which Rep. Calvert serves. The GOP Budget:
• Cuts government spending to protect hardworking taxpayers;
• Tackles the drivers of our debt, so our troops don’t pay the price for Washington’s failure to take action;
• Restores economic freedom and ensures a level playing field for all by putting an end to special-interest favoritism and corporate welfare;
• Reverses the President’s policies that drive up gas prices, and instead promotes an all-of the-above strategy for unlocking American energy production to help lower costs, create jobs, and reduce dependence on foreign oil.
• Strengthens health and retirement security by taking power away from government bureaucrats and empowering patients instead with control over their own care;
• Reforms our broken tax code to spur job creation and economic opportunity by lowering rates, closing loopholes, and putting hardworking taxpayers ahead of special interests
The House also passed a 90-day extension of surface transportation programs in order to keep Americans working through the busy summer construction season.
“The 90-day extension was not the ideal choice, most of us would have preferred a long-term reauthorization,” said Rep. Calvert. “However, a short-term extension, especially during the busy season, is vital to our roads and to the thousands of Americans that will be put to work. I commend the Leadership for making the hard choices, putting Americans first, and passing a short-term extension.”