By Brandon Moseley
Alabama Political Reporter
Congressman Spencer Bachus (R) from Vestavia called on Senate Democrats to put jobs ahead of their “cynical campaign strategy” and pass the JOBS Act. Representative Bachus is the Chairman of the House Financial Services Committee, where the JOBS Act legislation originated.
Rep. Bachus issued a written statement: “Just when it looked like the Senate would finally join the House in passing legislation to help small businesses create jobs, the American people are getting another glimpse of the depths to which Senate Democrats will sink to pursue their cynical campaign strategy of running against a so-called ‘do-nothing Congress’. Since passage of a bipartisan jobs bill supported by virtually every Democrat and Republican in the House – and even President Obama – goes against their campaign plan, Senate Democrats are now working to kill the JOBS Act.”
Chairman Bachus said, “They’re acting like Lucy snatching the football away at the last possible moment, and it is entrepreneurs and job-creators who are made to play Charlie Brown.“ “Millions of Americans are out of work. Unemployment is stuck above 8 percent and business start-ups are at a 17-year low. It’s time for Senate Democrats to put jobs first and politics last.” “The committee hearings, markups and House passage of the provisions that make up the JOBS Act occurred over the course of several months. The concerns about investor protection that are suddenly now being raised are nothing but a fig leaf that Senate Democrats are hiding behind to continue their campaign theme. There are obviously strong investor protections in this bill. Even the Democrats’ own witness at a Financial Services Committee hearing on H.R. 3606 said the bill would increase investor protections and access to information. In their desperate attempt to keep control of the Senate, the Democrats are even willing to throw overboard the 158 House Democrats who voted for the JOBS Act.”
The Jumpstart Our Business Startups (JOBS) Act is a set of measures designed to make it easier for small, growing companies to line up capital without having to meet certain regulatory requirements of public companies and other restrictions. The bill passed in the House 390 to 23 with support from President Barack H. Obama as well as the leadership of both political parties.
Rep. Spencer Bachus represents Alabama’s Sixth Congressional District which includes all or parts of Shelby, Coosa, Chilton, Bibb, Jefferson, and Blount Counties. Congressman Bachus is serving his tenth term in the United States Congress and will face Democratic candidate and retired U.S. Air Force Colonel Penny Huggins Bailey in the November 6th General Election.
To read Rep. Bachus’s statement in its entirety:
http://bachus.house.gov/index.php?option=com_content&task=view&id=1257
