Press Releases

U.S. House Promotes Job Growth for Main Street America

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Washington, July 19, 2018 | comments
Rep. Loudermilk (R-GA) issued the following statement after the House of Representatives passed the Jobs and Investor Confidence Act of 2018 by a vote of 406-4:

“Today was a victory for Main Street America. The Jobs and Investor Confidence Act, a package of 32 bipartisan bills that passed the House this week, will eliminate years of onerous government regulations which have hindered innovation and economic growth. These reforms will protect investors and help small businesses and startup companies cut costs and attract investments they need to grow.

“I appreciate the members of the Financial Services Committee for their hard work on these important reforms, and for supporting my bills, the Exchange Regulatory Improvement Act and the BUILD Act, which were a part of this package.”

Summary of the Jobs and Investor Confidence Act of 2018:

• This is a package of 32 bills which have passed the Financial Services Committee and the House with bipartisan support.
• These bills are aimed at relaxing securities regulations for small companies and startups to facilitate capital formation, job growth, and innovation.
• This package includes two bills authored by Congressman Loudermilk. They are listed below:
  •  H.R. 3555, the Exchange Regulatory Improvement Act, would require the Securities and Exchange Commission to clarify which parts of exchange businesses are under its regulatory jurisdiction. This bill passed the Financial Services Committee unanimously.
  • H.R. 5953, the BUILD Act, would provide relief from the 1,888 page Dodd-Frank TRID rule to charitable organizations making residential mortgage loans at zero percent interest. This bill passed the Financial Services Committee and the House unanimously.
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