The JOBS (Jumpstart Our Business Startups) Act is one small step away from becoming law after its fast passage in Congress and President Obama has given reassurance that he will sign the bill when it gets to his desk this week (probably Thursday). The passage of the JOBS Act last Tuesday during a politically charged time is proof that entrepreneurship promotion is a bipartisan issue. As the clock moves relentlessly toward November, both sides of the aisle found common focus and set out to solve the entrepreneurial access to capital problem. The American public should be proud of how functional Washington was these past few weeks.
Last Wednesday, I had the pleasure of hosting UK Minister Mark Prisk in Washington, DC, for discussions with Hill staff and others around smart approaches to unleashing the startup potential of our nations. I recall my first meetings with Prisk, days after the UK elections when he set out to tackle everything from removing regulatory barriers to young firms to encouraging new firm hiring through a payroll tax holiday. As readers of this column know, I have credited his government with making great headway while often lamenting our own slow progress in Washington. It turns out that Prisk might have been justified in being skeptical of my pessimism. Prior to his visit, the House passed a bill helping startups and the Senate amended it. It went back to the House, passed, and is now on its way to the President.
To read the full, original article click on this link: The JOBS Act How Business Should Get Done in Washington DC - Entrepreneurship.org
