House Passes Small Business Bill - FbiCables Network | The News that Shapes World Opinion

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Thursday, July 19, 2018

House Passes Small Business Bill

Small businesses are rejoicing as the House passes a bipartisan package aimed at increasing access to capital markets.
32 bills came out of the lower chamber Tuesday in what’s collectively being called the Jobs and Investor Confidence Act.
The act rolls back several Dodd-Frank Act banking rules as well as regulations on capital markets.
The bill was overwhelmingly supported in a 406-to-four vote.
In this July 10, 2018, photo, Greg Goodman, right, assists a customer on the phone while son Chandler Goodman, center, helps a customer at the counter, in their Alta Mere franchise in Oklahoma City. (AP Photo/Sue Ogrocki)
Democrats are saying the measure will help small businesses survive against giant corporations, while Republicans say the bill was vital to increasing initial public offerings from American businesses.
The bill now faces an uncertain future in the Senate as it’s sure to get Republican support, but still needs 10 Democrats to sign onto the measure.

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