USHCC Applauds Passage of Bipartisan JOBS Act
 
 PRESS RELEASE 

WASHINGTON, April 5, 2012 /PRNewswire-HISPANIC PR WIRE/ -- The United States Hispanic Chamber of Commerce (USHCC) today cheered Congress for its firm support of the Jumpstart Our Business Startups (JOBS) Act.

Last week, the U.S. House of Representatives passed the final version of the bill that will be signed by President Barack Obama on Thursday. The JOBS Act has received bipartisan support and strives to relieve regulatory burdens on small companies and foster more initial public offerings.

"The bipartisan passage of the JOBS Act shows that Democrats and Republicans can work together to jump start our economy, even in an election year," says USHCC President & CEO Javier Palomarez. "The USHCC strongly supports the JOBS Act and future measures aimed at creating a more business friendly environment for American small business and Hispanic entrepreneurs to raise capital. It is efforts like this that ensure small business owners continue to be at the forefront of our nation's economic recovery."

One of the legislation's most important provisions is allowing shareholders to invest in companies with fewer SEC regulations and permitting small businesses to advertise to potential investors. For the nation's nearly 3 million Hispanic-owned firms, making it easier to raise capital from investors has the incredible potential to create American jobs when Hispanic businesses operate on a larger scale.

"The bipartisan JOBS Act represents an increasingly rare legislative victory in Washington where both sides seized the opportunity to work together, improved the bill and passed it with strong bipartisan support," commented House Majority Leader Eric Cantor (R-VA) after its passage.

About the United States Hispanic Chamber of Commerce
Founded in 1979, the USHCC actively promotes the economic growth and development of Hispanic entrepreneurs and represents the interests of nearly 3 million Hispanic-owned businesses in the United States that combined generate in excess of $465 billion annually. It also serves as the umbrella organization for more than 200 local Hispanic chambers and business associations in the United States and Puerto Rico. For more information, visit www.ushcc.com.

SOURCE  United States Hispanic Chamber of Commerce

CONTACT: Lisa M. Martin, lmartin@creativecivilization.com, 210-227-1999, ext. 129