Rep. Kihuen’s expanding access to capital for rural job creators act passes financial services committee

WASHINGTON, D.C – Today, Rep. Ruben J. Kihuen issued the following statement after the Financial Services Committee unanimously passed, with all 60 members of the committee voting in favor, the Expanding Access to Capital for Rural Job Creators Act, legislation he authored to help expand economic opportunities for entrepreneurs in rural areas. The bill underscores Rep. Kihuen’s commitment to create good jobs and grow the economy so that it works for all Nevadans.

“All throughout our state people are searching for a good job that will help them provide for their families. Far too many Nevadans, especially in our rural areas, have been left out and left behind the economic growth we have seen in other areas of the country. Today I am proud that the Financial Services Committee unanimously passed my legislation that will help identify and examine the unique challenges facing rural-area small businesses in securing access to capital. By supporting these job creators in our state, we can create a path to good paying jobs for all Nevadans and help make sure they have the tools to work towards a better life for themselves and their families.

In Congress, one of my top priorities is fighting for good-paying, full-time jobs that will ensure a bright future for every Nevadan and their family.”

Background: The Expanding Access to Capital for Rural Job Creators Act amends section four, subsection J, of the Securities Exchange Act of 1934, which establishes an Office of the Advocate for Small Business Capital Formation within the Securities and Exchange Commission, to expand the focus areas of the Advocate to include rural-area small businesses.

In addition, the bill would require that the issues that small businesses and small business investors encounter in accessing or providing capital to rural-area small businesses be included in an existing yearly report published by the Advocate, ensuring that Congress has the most up to date information to make informed decisions on how help these small businesses grow and thrive.

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