Tipton Supports Package of Bipartisan Legislation to Support Small Business, Grow the Economy
Congressman Scott Tipton (CO-03) voted to pass bipartisan legislation that would improve access to capital for small business owners, ensure federal policies support entrepreneurs, and drive overall economic growth. The legislative package, the Creating Financial Prosperity for Businesses and Investors Act (H.R. 6427), is made up of six bills that each passed the full House of Representatives with overwhelming bipartisan support as standalone bills.
“The federal government should be in the business of empowering and encouraging our small business owners to expand, create jobs, and make important investments in their communities. Too often, federal regulations get in the way of these goals,” said Tipton. “All of the bills in this legislative package will go a long way towards allowing our small businesses do what they do best: create jobs and generate economic growth.”
Included in H.R. 6427 are the SEC Small Business Advocate Act (H.R. 3784) and the Small Business Capital Formation Enhancement Act (H.R. 4168). The SEC Small Business Advocate Act establishes the Office for Small Business Capital Formation within the Securities and Exchange Commission (SEC), while the Small Business Capital Act requires the SEC to review recommendations generated at an annual small business forum of government and business experts. Both of these bills offer small businesses a larger voice in the discussion of federal regulation, ensuring that the government does not create hurdles impeding access to capital. Also included in H.R. 6427 are the following bills:
- Supporting America’s Innovators Act (H.R. 4854)
- Fix Crowdfunding Act (H.R. 4855)
- Fair Investment Opportunities for Professional Experts Act (H.R. 2187)
- U.S. Territories Investor Protection Act (H.R. 5322)
The entire legislative package must now be considered by the Senate.