Senator Moran posted the below text in his newsletter today. Watson Immigration Law applauds all the efforts he is making to push forward this essential bill. We will continue to monitor the progress of this bill and update you as and when there is more news.
Startup Act 2.0 Introduced in the House of Representatives
The unemployment rate remains above 8 percent for the 40th consecutive month, and Americans are growing increasingly frustrated with the lack of leadership shown by Congress and the President in addressing our struggling economy and creating jobs. Last month, I introduced legislation to do just that called the Startup Act 2.0 along with Senators Mark Warner (D-VA), Marco Rubio (R-FL) and Senator Chris Coons (D-DE). Our bipartisan jobs bill is designed to spur economic growth by targeting policies toward the young companies that research shows are truly responsible for creating jobs. In fact, data from the Kauffman Foundation shows that for close to three decades, companies less than five years old have created almost all of the net new jobs in America – averaging about 3 million jobs each year.
This week, a bipartisan group of lawmakers joined our efforts to jumpstart the economy and create jobs for Americans by introducing companion legislation in the House of Representatives. I was pleased to join the House members at a press conference for the introduction of Startup Act 2.0, and I thank Representatives Kevin Yoder (R-KS), Mike Grimm (R-NY), Loretta Sanchez (D-CA) and others for leading this introduction. I look forward to working with them to advance this through both chambers. To watch video from the press conference, click here.
Following the House introduction, I lead a conversation on the Senate floor on the importance of passing Startup Act 2.0 along with Senators Mark Warner (D-Va.), Chris Coons (D-Del.) and Roy Blunt (R-Mo.). Click here to watch the floor discussion on why now is the time to act – not after the election, not next year.
Congress proved that it could work together successfully when it passed the JOBS Act, and we must keep that momentum going with Startup Act 2.0. These are bipartisan ideas with bicameral support – it’s time for Washington to come together to pass Startup Act 2.0, strengthen the economy, and create jobs. For more information about the Startup Act 2.0, including a summary of the provisions, news coverage, and endorsements, please click here.