The Jumpstart Our Business Startups Act(JOBS Act) was signed into law by the President on April 5, 2012. This bill is a legislative package of bipartisan measures that would increase capital formation, spur the growth of startups and small businesses and enable more small-scale businesses to enter public markets. (April 2011)
112th Congress-1st Session:
Congressman Smith's Statement on the Super Committee's Failure to Reach an Agreement (November 29, 2011):
Congressman Smith on the President's American Jobs Act (September 14, 2011):
The President's Plan:
Video: President Obama Presents American Jobs Act to Congress (September 8th, 2011)
Joint Select Committee of Congress: The recently passed debt ceiling agreement created a 12-member Joint Select Committee of Congress that is required to report legislation by November 23, 2011, which proposes a way to reduce the deficit by at least $1.5 trillion over the next 10 years.