| March 27, 2012
Small Business Needs the JOBS Act (H.R. 3606)
…a boost to entrepreneurship, small business capital access, and jobs
On behalf of the Small Business & Entrepreneurship Council (SBE Council) and our more than
100,000 members nationwide, I am writing to urge your support of the Senate-amended
Jumpstart our Business Startups (JOBS) Act, H.R. 3606. The JOBS Act offers powerful reforms
that will help small businesses at various stages of growth and development. These common
sense reforms will provide regulatory flexibility and relief, and will promote and unleash new
sources of funding for capital-starved small businesses.
A strong entrepreneurial ecosystem depends on access to capital. Freeing up new sources of
capital – as the JOBS Act will do – will strengthen our nation’s small business sector, and add to
their job creating capacity. Startups and high-potential businesses have been plagued by a
capital chasm since the financial crises, and the JOBS Act offers practical reforms to help
entrepreneurial firms at their various stages of growth and development.
The crowdfunding provision of the JOBS Act, along with the sensible changes made to
Regulation D, are two forceful components that will produce significant benefits for the small
business community. Other reforms contained within the JOBS Act will help small businesses
access and accelerate their growth in the public markets. Inflexible and costly rules that impede
our most promising enterprises are properly addressed in H.R. 3606, allowing these firms to
more efficiently scale up while freeing up more resources for investment and job creation.
Thank you, in advance, for your continued support of America’s small business owners and
Karen Kerrigan, President & CEO