As the Senate prepares to take up the GOP-led JOBS Act, a modest bill aimed at boosting small businesses, the White House issued a statement championing the measure while also indicating support for "improving" the House-passed version.
Spokeswoman Amy Brundge issued this statement Wednesday:
"The bill passed in the House last week includes a number of provisions that the President proposed months ago as a part of the American Jobs Act to help startups and small businesses get the capital they need to expand and hire. The President strongly supports the efforts of Senate Democrats to find common ground by supporting the most effective aspects of the House Bill to increase capital formation for growing businesses while also improving the House bill to ensure there are sufficient safeguards to prevent abuse and protect investors. We also urge both sides to vote to reauthorize the Export-Import bank which will help thousands of American businesses and achieve everyone’s goal here of ensuring American businesses can stay competitive."