July 17, 2018


WASHINGTON, D.C.— U.S. Chamber of Commerce Executive Vice President of the Center for Capital Markets Competitiveness (CCMC) Tom Quaadman today issued the following statement upon House passage of the “JOBS and Investor Confidence Act of 2018,” commonly known as the JOBS Act 3.0:

“The House took an important step forward today by passing the JOBS Act 3.0. Lawmakers acted to pursue pro-growth policies that help new businesses get started and grow into bigger businesses as well as to create new opportunities for American entrepreneurs. This bipartisan legislation will help small and mid-size businesses raise the capital they need to expand, innovate, and hire new employees. It is a win for entrepreneurs, businesses, and job creators across the country.

“We applaud the House and the leadership of Financial Services Committee Chairman Jeb Hensarling and Ranking Member Maxine Waters for working together to modernize our nation’s securities laws, and we urge the Senate to quickly consider and pass this legislation.”

The U.S. Chamber’s “Key Vote Alert!” for the JOBS Act 3.0 can be found online here.

Since its inception in 2007, the Center for Capital Markets Competitiveness has led a bipartisan effort to modernize and strengthen the outmoded regulatory systems that have governed our capital markets. The CCMC is committed to working aggressively with the administration, Congress, and global leaders to implement reforms to strengthen the economy, restore investor confidence, and ensure well-functioning capital markets.

The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations.