House Passes Bipartisan Jobs Package
Washington, D.C. – July 18, 2018 – U.S. Representative David Kustoff (TN-08) today released the following statement on the passage of S. 488, the JOBS and Investor Confidence Act of 2018. This legislation passed the House by a bipartisan vote of 406 to 8.
The JOBS and Investor Confidence Act is a largely bipartisan package containing 32 individual bills building on the legacy of the JOBS Act of 2012 and the JOBS Act 2.0 in 2015.
Congressman Kustoff said: “Main Street, America is vital to our national economy. Ultimately, this bipartisan package will make it easier for startups and small businesses to attract and retain investments to catalyze growth and development in our communities. At the end of the day, when our small businesses succeed, America succeeds.”
Congressman Kustoff championed two individual bills included in the JOBS and Investor Confidence Act. H.R. 4768, the National Strategy for Combating the Financing of Transnational Criminal Organizations Act requires the President, through the Secretary of the Treasury, to develop a national strategy to combat the financial networks of transnational criminal organizations (TCOs). This bill also focuses on tracking down and eliminating the illicit financial networks of cartels and transnational criminal organizations – groups that are largely responsible for drug trafficking and escalating the opioid epidemic in America. This legislation passed the House by voice vote on March 6, 2018.
Additionally, the package included H.R. 4294, the Prevention of Private Information Dissemination Act of 2017, which establishes criminal penalties for the unauthorized disclosure of living will and stress tests, which are required within certain financial institutions. This legislation passed the House on June 26, 2018 with an overwhelming bipartisan vote of 392-2.