FOR IMMEDIATE RELEASE:                        CONTACT: 

March 22, 2012                                             Jen Scungio, 202-457-8759

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               FORUM COMMENDS SENATE PASSAGE OF 'JOBS ACT'

WASHINGTON, D.C. — Financial Services Forum President and CEO Rob Nichols issued the following statement on the passage of the Senate’s version of the “JOBS (Jumpstart Our Business Startups) Act” today:

“The Forum commends today’s bipartisan Senate action on the "JOBS Act," which will significantly improve the circumstances for new business formation and survival by reducing regulatory burdens and improving access to capital for small businesses and startups.  Most importantly, the legislation will help to promote job creation at a time when it is needed most. 

“We now respectfully urge the House to act swiftly on the Senate bill and send it to the President for signature.  The Administration has already endorsed the House version of the "JOBS Act," and we hope Congress can move quickly to resolve any differences in the legislation in order to have an impact on sustainable U.S. business growth and job creation.

“We additionally commend the work of Senators Pat Toomey (R-PA), Jon Tester (D-MT), Charles Schumer (D-NY), Tom Carper (D-DE), Scott Brown (R-MA), and John Thune (R-SD), who have all focused on the importance of small businesses and startups, and have authored bills that are included in the overall "JOBS Act" package.  We also thank Congressman Stephen Fincher (R-TN) for his leadership in the House on these important issues.”

The Financial Services Forum is a non-partisan financial and economic policy organization comprising the CEOs of 20 of the largest and most diversified financial services institutions doing business in the United States. The purpose of the Forum is to pursue policies that encourage savings and investment, promote an open and competitive global marketplace, and ensure the opportunity of people everywhere to participate fully and productively in the 21st-century global economy.

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