Press Releases

WASHINGTON, D.C. – Tomorrow, Tuesday, May 22, U.S. Senators Marco Rubio (R-Fla.), Chris Coons (D-Del.), Jerry Moran (R-Kan.) and Mark Warner (D-Va.) along with Steve Case, Revolution LLC CEO and member of President Obama’s Council on Jobs and Competitiveness, and Robert Litan of the Ewing Marion Kauffman Foundation, will unveil bipartisan legislation, Startup Act 2.0, aimed at jumpstarting the economy through the creation and growth of new businesses. This bipartisan legislation sets out to prove the critics wrong: Congress can get something done during an election year by coming together to strengthen the economy and create jobs.

Startup Act 2.0 picks up where the JOBS Act left off by doing more to create an environment in which entrepreneurs can succeed. Research has shown that for close to three decades, companies less than five years old have created almost all of the net new jobs in America—averaging about 3 million jobs each year. Startup Act 2.0 creates new opportunities for America-educated, entrepreneurial immigrants to remain in the U.S. where their talent and ideas can fuel growth and create American jobs. The bill also alleviates regulatory burdens that make it more difficult for businesses to expand and create jobs. Finally, Startup Act 2.0 makes changes to the tax code to encourage investment in startup companies.

Startup Act 2.0 builds upon the original Startup Act introduced by Sens. Moran and Warner in December, and it has been strengthened by including widely-supported provisions of S. 1866, the AGREE Act, introduced by Sens. Coons and Rubio in November. Many of the principles included in Startup Act 2.0 are based on the research and analysis of the Kauffman Foundation, and are supported by President Obama’s Council on Jobs and Competitiveness.

What: Sens. Rubio, Coons, Moran and Warner, along with Steve Case, Revolution LLC CEO and member of President Obama’s Council on Jobs and Competitiveness, and Robert Litan of the Ewing Marion Kauffman Foundation, to unveil Startup Act 2.0, a bipartisan jobs bill aimed at jumpstarting the economy through the creation and growth of new businesses.

Who: U.S. Senator Marco Rubio (R-Fla.)
U.S. Senator Chris Coons (D-Del.)
U.S. Senator Jerry Moran (R-Kan.)
U.S. Senator Mark Warner (D-Va.)

Steve Case, Revolution LLC CEO and member of President Obama’s Council on Jobs and Competitiveness

Robert Litan, Vice President for Research and Policy, Ewing Marion Kauffman Foundation

When: Tuesday, May 22, 2012
10:30 a.m. EDT
 
Where: U.S. Capitol, S-115
Washington, D.C.